Airtel Africa (OTC:AAFRF) Shares Up 9.1% – Still a Buy?

Airtel Africa Plc (OTC:AAFRFGet Free Report)’s stock price traded up 9.1% during mid-day trading on Tuesday . The company traded as high as C$1.27 and last traded at C$1.27. 38,910 shares traded hands during mid-day trading, an increase of 201% from the average session volume of 12,922 shares. The stock had previously closed at C$1.16.

Airtel Africa Stock Up 9.1 %

The company has a 50 day simple moving average of C$1.43 and a 200-day simple moving average of C$1.47.

Airtel Africa Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be given a $0.026 dividend. The ex-dividend date of this dividend is Friday, November 8th.

Airtel Africa Company Profile

(Get Free Report)

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers.

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