Airtel Africa Plc (LON:AAF) Insider Sunil Bharti Mittal Purchases 163,582,576 Shares

Airtel Africa Plc (LON:AAF) insider Sunil Bharti Mittal bought 163,582,576 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of GBX 132 ($1.67) per share, for a total transaction of £215,929,000.32 ($273,674,271.63).

Airtel Africa Trading Up 1.2 %

LON AAF opened at GBX 142.30 ($1.80) on Wednesday. The firm’s fifty day moving average price is GBX 127.90 and its 200 day moving average price is GBX 116.16. Airtel Africa Plc has a 12 month low of GBX 90.70 ($1.15) and a 12 month high of GBX 148.90 ($1.89). The company has a debt-to-equity ratio of 275.30, a current ratio of 0.47 and a quick ratio of 0.26. The company has a market capitalization of £6.52 billion, a price-to-earnings ratio of -83.71, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their target price on Airtel Africa from GBX 121 ($1.53) to GBX 128 ($1.62) and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Airtel Africa Company Profile

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.