Airtel Africa (OTCMKTS:AAFRF) Stock Price Up 4.3% – Here’s What Happened

Airtel Africa Plc (OTCMKTS:AAFRF)’s share price shot up 4.3% during trading on Monday . The stock traded as high as C$4.80 and last traded at C$4.80. 2,020 shares were traded during mid-day trading, a decline of 90% from the average session volume of 19,652 shares. The stock had previously closed at C$4.60.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Airtel Africa in a research report on Wednesday, February 4th. HSBC cut shares of Airtel Africa from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Airtel Africa currently has a consensus rating of “Moderate Buy”.

Airtel Africa Stock Up 4.3%

The firm has a 50 day moving average price of C$4.75 and a 200-day moving average price of C$4.10.

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. The company also provides messaging, value added, enterprise, and infrastructure sharing services, as well as support services.