Airtel Africa (LON:AAF) Given New GBX 105 Price Target at JPMorgan Chase & Co.

Airtel Africa (LON:AAF - Free Report) had its target price boosted by JPMorgan Chase & Co. from GBX 93 ($1.17) to GBX 105 ($1.32) in a report published on Wednesday morning, Marketbeat reports. They currently have a neutral rating on the stock.

Separately, Barclays cut their price target on Airtel Africa from GBX 170 ($2.14) to GBX 150 ($1.88) and set an overweight rating on the stock in a research note on Tuesday, February 6th.

Airtel Africa Stock Performance

LON AAF remained flat at GBX 115.90 ($1.46) during trading hours on Wednesday. The company had a trading volume of 2,752,776 shares, compared to its average volume of 2,716,545. The business's 50 day simple moving average is GBX 103.05 and its two-hundred day simple moving average is GBX 111.30. Airtel Africa has a 1-year low of GBX 90.20 ($1.13) and a 1-year high of GBX 135.80 ($1.71). The company has a market cap of £4.35 billion, a PE ratio of 1,655.71, a PEG ratio of 0.58 and a beta of 1.01. The company has a debt-to-equity ratio of 156.18, a quick ratio of 0.26 and a current ratio of 0.58.

Insider Buying and Selling

In other Airtel Africa news, insider Shravin Bharti Mittal purchased 922 shares of the company's stock in a transaction dated Monday, March 25th. The stock was bought at an average cost of GBX 100 ($1.26) per share, for a total transaction of £922 ($1,158.29). 72.85% of the stock is currently owned by 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.