Shravin Bharti Mittal Buys 688,175 Shares of Airtel Africa Plc (LON:AAF) Stock

Airtel Africa Plc (LON:AAF) insider Shravin Bharti Mittal purchased 688,175 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average cost of GBX 98 ($1.24) per share, with a total value of £674,411.50 ($856,069.43).

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

• On Wednesday, November 20th, Shravin Bharti Mittal acquired 804,887 shares of Airtel Africa stock. The shares were bought at an average cost of GBX 96 ($1.22) per share, for a total transaction of £772,691.52 ($980,821.93).

Airtel Africa Stock Up 0.6 %

Shares of LON:AAF opened at GBX 105.60 ($1.34) on Friday. The firm has a market capitalization of £3.90 billion, a P/E ratio of -3,520.00, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a debt-to-equity ratio of 180.85, a quick ratio of 0.26 and a current ratio of 0.52. The stock has a 50 day moving average price of GBX 108.33 and a 200-day moving average price of GBX 113.66. Airtel Africa Plc has a 52-week low of GBX 90.20 ($1.14) and a 52-week high of GBX 132.50 ($1.68).

Airtel Africa Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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.