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Airtel Africa Plc ( (GB:AAF) ) has issued an announcement.
Airtel Africa has initiated a formal independent competitive tender process to appoint a new external auditor, with the process overseen by the Audit and Risk Committee. This move aligns with the mandatory auditor rotation requirements of its controlling shareholder, Bharti Airtel Limited, in India, and is not due to any issues with the current auditors. The new auditor is expected to be appointed at the 2027 Annual General Meeting and will begin auditing for the financial year ending March 2028.
The most recent analyst rating on (GB:AAF) stock is a Buy with a £3.30 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 Plc demonstrates strong financial performance and growth prospects, particularly in mobile money and operational efficiency. However, high leverage and valuation concerns, along with technical indicators suggesting overbought conditions, moderate the overall score.
To see Spark’s full report on GB:AAF stock, click here.
More about Airtel Africa Plc
Airtel Africa is a leading provider of telecommunications and mobile money services, operating in 14 countries across sub-Saharan Africa. The company offers an integrated suite of services including mobile voice, data, and mobile money services, both nationally and internationally. Its strategy focuses on delivering a superior customer experience and transforming lives across Africa.
Average Trading Volume: 5,940,903
Technical Sentiment Signal: Buy
Current Market Cap: £11.38B
Learn more about AAF stock on TipRanks’ Stock Analysis page.