Airtel Africa (OTCMKTS:AAFRF) Stock Price Up 4.9% – Here’s What Happened

Airtel Africa Plc (OTCMKTS:AAFRF)’s stock price rose 4.9% on Tuesday . The stock traded as high as C$4.72 and last traded at C$4.72. Approximately 358 shares changed hands during trading, a decline of 97% from the average daily volume of 13,504 shares. The stock had previously closed at C$4.50.

Wall Street Analyst Weigh In

A number of brokerages have commented on AAFRF. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Airtel Africa in a report on Tuesday, May 19th. Barclays reaffirmed an “overweight” rating on shares of Airtel Africa in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Airtel Africa Stock Performance

The stock has a 50-day moving average price of C$4.85 and a 200-day moving average price of C$4.66.

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.