Airtel Africa Cancels Further Shares Under $100m Buy-back Programme

An announcement from Airtel Africa Plc ( (GB:AAF) ) is now available.

Airtel Africa has repurchased 40,000 of its own ordinary shares at a volume-weighted average price of 364.53 pence per share as part of its ongoing share buy-back programme, with the shares to be cancelled. Following this latest transaction, the company’s share capital stands at 3,655,600,539 ordinary shares in issue, including 7,489,044 treasury shares, resulting in 3,648,111,495 voting rights, and it has now bought back a total of 41,205,209 shares under the $100 million programme, a move that supports capital management and may enhance earnings per share for investors.

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 Plc is a leading telecommunications and mobile money services provider operating in 14 countries across sub-Saharan Africa. The company offers an integrated suite of mobile voice, data and domestic and international mobile money services, with a strategy centred on enhancing customer experience and supporting its broader goal of transforming lives across the continent.

Average Trading Volume: 6,863,316

Technical Sentiment Signal: Buy

Current Market Cap: £13.32B

Find detailed analytics on AAF stock on TipRanks’ Stock Analysis page.