Sunil Bharti Mittal Acquires 163,582,576 Shares of Airtel Africa Plc (LON:AAF) Stock

Airtel Africa Plc (LON:AAF) insider Sunil Bharti Mittal purchased 163,582,576 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of GBX 132 ($1.66) per share, for a total transaction of £215,929,000.32 ($272,156,541.87).

Airtel Africa Price Performance

LON AAF opened at GBX 143.30 ($1.81) on Friday. Airtel Africa Plc has a 1 year low of GBX 90.70 ($1.14) and a 1 year high of GBX 148.90 ($1.88). The business’s fifty day moving average is GBX 129.42 and its two-hundred day moving average is GBX 116.64. The stock has a market capitalization of £6.57 billion, a P/E ratio of -84.29, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a debt-to-equity ratio of 275.30, a quick ratio of 0.26 and a current ratio of 0.47.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Airtel Africa from GBX 121 ($1.53) to GBX 128 ($1.61) and gave the stock a “buy” rating in a research note on Wednesday, December 11th.

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.