Insider Buying: Airtel Africa Plc (LON:AAF) Insider Acquires 804,887 Shares of Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal purchased 804,887 shares of Airtel Africa stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of GBX 96 ($1.21) per share, with a total value of £772,691.52 ($973,040.57).

Airtel Africa Stock Down 0.3 %

Shares of AAF stock traded down GBX 0.25 ($0.00) during mid-day trading on Monday, hitting GBX 97.90 ($1.23). The company’s stock had a trading volume of 8,345,667 shares, compared to its average volume of 3,484,862. The company has a debt-to-equity ratio of 180.85, a quick ratio of 0.26 and a current ratio of 0.52. Airtel Africa Plc has a 52-week low of GBX 90.20 ($1.14) and a 52-week high of GBX 132.50 ($1.67). The stock has a market cap of £3.61 billion, a price-to-earnings ratio of -3,271.67, a PEG ratio of 0.58 and a beta of 1.04. The business has a 50-day moving average price of GBX 109.30 and a 200 day moving average price of GBX 113.97.

Airtel Africa Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 7th will be paid 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 raised their price objective on shares of Airtel Africa from GBX 150 ($1.89) to GBX 155 ($1.95) and gave the company a “buy” rating in a research note 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.