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Airtel Africa Plc ( (GB:AAF) ) has shared an announcement.
Airtel Africa plc has repurchased 40,000 of its own ordinary shares at a volume-weighted average price of 358.44 pence per share as part of its ongoing $100m share buyback programme, with the shares to be cancelled. Following this latest transaction, the company’s issued share capital stands at 3,655,201,028 ordinary shares including 7,489,044 treasury shares, giving 3,647,711,984 voting rights, and since the start of the first tranche of the buyback it has acquired a total of 41,604,720 shares, signalling continued capital management efforts that affect shareholder ownership calculations under UK disclosure and transparency rules.
The most recent analyst rating on (GB:AAF) stock is a Buy with a £403.00 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 plc is a leading telecommunications and mobile money services 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 company’s strategy centres on delivering strong customer experience across its footprint in support of its broader goal of transforming lives across the continent.
Average Trading Volume: 6,979,198
Technical Sentiment Signal: Buy
Current Market Cap: £13.01B
Find detailed analytics on AAF stock on TipRanks’ Stock Analysis page.