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

Shares of Airtel Africa Plc (LON:AAF) fell 0.4% on Wednesday . The company traded as low as GBX 113.60 ($1.41) and last traded at GBX 113.60 ($1.41). 1,854,675 shares were traded 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 ($1.41).

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAF. JPMorgan Chase & Co. lifted their target price on Airtel Africa from GBX 121 ($1.50) to GBX 128 ($1.58) and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Airtel Africa from GBX 150 ($1.86) to GBX 155 ($1.92) and gave the company a “buy” rating in a report on Monday, September 23rd.

Airtel Africa Trading Up 1.0 %

The company has a market capitalization of £4.37 billion, a PE ratio of -3,943.33, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company has a debt-to-equity ratio of 180.85, a current ratio of 0.52 and a quick ratio of 0.26. The company’s fifty day moving average is GBX 105 and its 200-day moving average is GBX 111.68.

Airtel Africa Cuts Dividend

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

Insider Transactions at Airtel Africa

In other news, insider Shravin Bharti Mittal bought 15,000,000 shares of the stock in a transaction on Friday, December 27th. The stock was bought at an average cost of GBX 105 ($1.30) per share, for a total transaction of £15,750,000 ($19,494,987.00). In the last three months, insiders purchased 16,493,062 shares of company stock valued at $1,719,710,302. Corporate insiders own 72.58% of the company’s stock.

About Airtel Africa

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.