Airtel Africa (LON:AAF) PT Raised to GBX 105 at JPMorgan Chase & Co.

Airtel Africa (LON:AAF) had its target price lifted by JPMorgan Chase & Co. from GBX 93 ($1.17) to GBX 105 ($1.32) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 10.79% from the stock’s previous close.

Separately, Barclays reduced their target price on shares of Airtel Africa from GBX 170 ($2.14) to GBX 150 ($1.88) and set an “overweight” rating for the company in a research report on Tuesday, February 6th.

Airtel Africa Stock Up 1.6 %

AAF opened at GBX 117.70 ($1.48) on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.26 and a debt-to-equity ratio of 156.18. The stock’s fifty day simple moving average is GBX 103.48 and its 200 day simple moving average is GBX 111.33. 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 stock has a market cap of £4.41 billion, a PE ratio of 1,681.43, a price-to-earnings-growth ratio of 0.58 and a beta of 1.01.

Insider Activity

In related news, insider Shravin Bharti Mittal bought 922 shares of the business’s stock in a transaction on Monday, March 25th. The shares were purchased at an average cost of GBX 100 ($1.26) per share, with a total value of £922 ($1,158.29). Insiders own 72.85% of the company’s stock.

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.