Deutsche Bank Aktiengesellschaft Boosts Airtel Africa (LON:AAF) Price Target to GBX 155

Airtel Africa (LON:AAF) had its price objective lifted by Deutsche Bank Aktiengesellschaft from GBX 150 ($2.01) to GBX 155 ($2.08) in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Airtel Africa Stock Down 0.8 %

Shares of LON:AAF opened at GBX 117.80 ($1.58) on Monday. The firm has a market cap of £4.35 billion, a P/E ratio of -3,926.67, a PEG ratio of 0.58 and a beta of 1.04. Airtel Africa has a 52-week low of GBX 90.20 ($1.21) and a 52-week high of GBX 132.50 ($1.77). The business’s 50 day simple moving average is GBX 114.05 and its two-hundred day simple moving average is GBX 113.08. The company has a debt-to-equity ratio of 180.85, a quick ratio of 0.26 and a current ratio of 0.52.

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.