Airtel Africa (LON:AAF) Trading Down 0.4% – Should You Sell?

Airtel Africa Plc (LON:AAF)’s share price fell 0.4% on Wednesday . The stock traded as low as GBX 113.60 ($1.42) and last traded at GBX 113.60 ($1.42). 1,854,675 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 3,467,376 shares. The stock had previously closed at GBX 114.10 ($1.43).

Analyst Upgrades and Downgrades

A number of research analysts have commented on AAF shares. Deutsche Bank Aktiengesellschaft upped their price target on Airtel Africa from GBX 150 ($1.88) to GBX 155 ($1.94) and gave the stock a “buy” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. increased their target price on Airtel Africa from GBX 121 ($1.51) to GBX 128 ($1.60) and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

Airtel Africa Stock Performance

The firm has a market capitalization of £4.19 billion, a price-to-earnings ratio of -3,786.67, a PEG ratio of 0.58 and a beta of 1.04. The firm has a 50 day moving average price of GBX 105 and a 200-day moving average price of GBX 111.68. The company has a debt-to-equity ratio of 180.85, a current ratio of 0.52 and a quick ratio of 0.26.

Airtel Africa Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 7th were issued a $0.03 dividend. This represents a yield of 1.74%. The ex-dividend date was Thursday, November 7th. Airtel Africa’s dividend payout ratio (DPR) is presently -16,666.67%.

Insiders Place Their Bets

In related news, insider Shravin Bharti Mittal bought 688,175 shares of the stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of GBX 98 ($1.23) per share, for a total transaction of £674,411.50 ($843,858.23). 72.58% of the stock is owned by company insiders.

Airtel Africa Company Profile

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.