Airtel Africa (OTCMKTS:AAFRF) Trading Up 3.8% – Here’s What Happened

Airtel Africa Plc (OTCMKTS:AAFRF)’s share price was up 3.8% on Wednesday . The stock traded as high as C$4.69 and last traded at C$4.69. Approximately 5,398 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 11,291 shares. The stock had previously closed at C$4.52.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Airtel Africa in a research report on Tuesday, May 19th. Barclays reaffirmed an “overweight” rating on shares of Airtel Africa in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Airtel Africa Stock Up 3.8%

The stock’s 50 day moving average is C$4.78 and its two-hundred day moving average is C$4.79.

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