Airtel Africa (OTCMKTS:AAFRF) Trading 7.6% Higher – Should You Buy?

Airtel Africa Plc (OTCMKTS:AAFRF)’s share price traded up 7.6% on Wednesday . The company traded as high as C$4.95 and last traded at C$4.95. 510 shares traded hands during trading, a decline of 97% from the average session volume of 17,771 shares. The stock had previously closed at C$4.60.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Airtel Africa in a research report on Wednesday, February 4th. HSBC lowered Airtel Africa from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Airtel Africa Stock Performance

The business’s 50 day moving average is C$4.74 and its 200 day moving average is C$4.31.

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.