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Airtel Africa Plc ( (GB:AAF) ) has issued an announcement.
Airtel Africa has repurchased 40,000 of its own ordinary shares as part of its ongoing $100m share buy-back programme, at prices between 356.20p and 361.60p per share and a volume‑weighted average price of 359.03p. The shares, bought via Barclays Capital Securities across multiple European trading venues, will be cancelled, reducing the number of ordinary shares in issue to 3,655,520,539 (including 7,489,044 held in treasury) and setting the company’s voting rights at 3,648,031,495; since the buy‑back started in December 2024, Airtel Africa has acquired a total of 41,285,209 shares, signalling continued capital management efforts that may enhance earnings per share and consolidate shareholder value.
The most recent analyst rating on (GB:AAF) stock is a Hold with a £400.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.
Spark’s Take on GB:AAF Stock
According to Spark, TipRanks’ AI Analyst, GB:AAF is a Neutral.
Airtel Africa’s strong earnings call performance and positive technical indicators are offset by financial risks related to high leverage and declining revenue. The stock’s valuation appears high, limiting its attractiveness. While the company shows potential for growth, addressing leverage and revenue challenges is crucial for improving its financial health.
To see Spark’s full report on GB:AAF stock, click here.
More about Airtel Africa Plc
Airtel Africa is a leading telecommunications and mobile money provider operating in 14 countries across sub-Saharan Africa, offering an integrated suite of mobile voice, data and domestic and international mobile money services. The group’s strategy centres on delivering improved customer experience across its footprint, supporting its broader goal of digital and financial inclusion on the continent.
Average Trading Volume: 6,887,181
Technical Sentiment Signal: Buy
Current Market Cap: £13.27B
For detailed information about AAF stock, go to TipRanks’ Stock Analysis page.