Airtel Africa (OTC:AAFRF) Trading Down 5.9% – What’s Next?

Shares of Airtel Africa Plc (OTC:AAFRFGet Free Report) were down 5.9% on Monday . The stock traded as low as C$2.03 and last traded at C$2.07. Approximately 1,948 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 10,533 shares. The stock had previously closed at C$2.20.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating on shares of Airtel Africa in a research report on Tuesday, February 4th.

View Our Latest Analysis on Airtel Africa

Airtel Africa Stock Performance

The stock has a 50-day simple moving average of C$1.93 and a two-hundred day simple moving average of C$1.57.

Airtel Africa Company Profile

(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.

Further Reading

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