Shravin Bharti Mittal Buys 688,175 Shares of Airtel Africa Plc (LON:AAF) Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal bought 688,175 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of GBX 98 ($1.23) per share, with a total value of £674,411.50 ($847,783.16).

Shravin Bharti Mittal also recently made the following trade(s):

• On Wednesday, November 20th, Shravin Bharti Mittal purchased 804,887 shares of Airtel Africa stock. The stock was bought at an average cost of GBX 96 ($1.21) per share, with a total value of £772,691.52 ($971,328.12).

Airtel Africa Stock Up 3.5 %

Shares of AAF traded up GBX 3.45 ($0.04) during trading hours on Wednesday, hitting GBX 103.30 ($1.30). The company had a trading volume of 2,356,454 shares, compared to its average volume of 3,448,410. The company’s fifty day moving average price is GBX 108.91 and its two-hundred day moving average price is GBX 113.85. Airtel Africa Plc has a one year low of GBX 90.20 ($1.13) and a one year high of GBX 132.50 ($1.67). The company has a market capitalization of £3.81 billion, a PE ratio of -3,328.33, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85.

Airtel Africa Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 7th will be given a dividend of $0.03 per share. This represents a yield of 1.74%. The ex-dividend date is Thursday, November 7th. Airtel Africa’s dividend payout ratio is currently -16,666.67%.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Airtel Africa from GBX 150 ($1.89) to GBX 155 ($1.95) and gave the stock a “buy” rating in a research report on Monday, September 23rd.

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.