Airtel Africa (OTC:AAFRF) Trading 2.8% Higher – Here’s Why

Airtel Africa Plc (OTC:AAFRFGet Free Report)’s stock price was up 2.8% during trading on Tuesday . The company traded as high as C$3.33 and last traded at C$3.33. Approximately 328 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 5,285 shares. The stock had previously closed at C$3.24.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AAFRF shares. Barclays reissued an “overweight” rating on shares of Airtel Africa in a report on Friday, August 29th. HSBC raised shares of Airtel Africa from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Check Out Our Latest Report on AAFRF

Airtel Africa Trading Up 2.8%

The company’s fifty day moving average is C$3.02 and its 200 day moving average is C$2.65.

Airtel Africa Company Profile

(Get Free Report)

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.

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