Airtel Africa (OTC:AAFRF) Stock Price Down 0.5% – Here’s Why

Shares of Airtel Africa Plc (OTC:AAFRFGet Free Report) traded down 0.5% on Monday . The stock traded as low as C$4.26 and last traded at C$4.28. 2,210 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 12,680 shares. The stock had previously closed at C$4.30.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAFRF. Barclays reiterated an “overweight” rating on shares of Airtel Africa in a research report on Friday, August 29th. HSBC raised shares of Airtel Africa from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Airtel Africa has a consensus rating of “Buy”.

Read Our Latest Research Report on AAFRF

Airtel Africa Price Performance

The firm has a 50 day moving average of C$3.83 and a two-hundred day moving average of C$3.17.

About Airtel Africa

(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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