Insider Buying: Airtel Africa Plc (LON:AAF) Insider Acquires £772,691.52 in Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal bought 804,887 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of GBX 96 ($1.22) per share, for a total transaction of £772,691.52 ($979,578.50).

Shravin Bharti Mittal also recently made the following trade(s):

• On Friday, November 22nd, Shravin Bharti Mittal bought 688,175 shares of Airtel Africa stock. The stock was purchased at an average cost of GBX 98 ($1.24) per share, for a total transaction of £674,411.50 ($854,984.15).

Airtel Africa Trading Up 5.2 %

Shares of AAF stock opened at GBX 105 ($1.33) on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85. The stock has a market cap of £3.87 billion, a P/E ratio of -3,500.00, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The stock has a 50 day simple moving average of GBX 108.62 and a 200 day simple moving average of GBX 113.76. Airtel Africa Plc has a 1 year low of GBX 90.20 ($1.14) and a 1 year high of GBX 132.50 ($1.68).

Airtel Africa Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 7th will be paid a $0.03 dividend. This represents a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 7th. Airtel Africa’s dividend payout ratio (DPR) is currently -16,666.67%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on Airtel Africa from GBX 150 ($1.90) to GBX 155 ($1.97) and gave the company a “buy” rating in a research note on Monday, September 23rd.

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.