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Airtel Africa Plc (GB:AAF)
LSE:AAF

Airtel Africa Plc (AAF) AI Stock Analysis

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Airtel Africa Plc

(LSE:AAF)

Rating:68Neutral
Price Target:
203.00p
▲(9.08%Upside)
Airtel Africa Plc's stock score is driven by solid financial performance and positive technical indicators, despite high valuation metrics. The company's share buy-back initiative and AGM outcomes highlight strong shareholder confidence, but high leverage and a high P/E ratio pose risks.

Airtel Africa Plc (AAF) vs. iShares MSCI United Kingdom ETF (EWC)

Airtel Africa Plc Business Overview & Revenue Model

Company DescriptionAirtel Africa Plc (AAF) is a leading telecommunications and mobile money services provider in Africa, operating in 14 countries across the continent. The company offers a range of services including voice, data, and mobile money services to over 130 million customers. Airtel Africa is committed to driving digital inclusion and providing innovative solutions to enhance connectivity and financial services in the region.
How the Company Makes MoneyAirtel Africa Plc generates revenue primarily through its telecommunications and mobile money services. The company earns money from three main revenue streams: voice services, data services, and mobile money services. Voice services include traditional call offerings and account for a significant portion of the company's revenue. Data services, which have been rapidly growing, include internet connectivity and data plans for both individual and business customers. Mobile money services, marketed under the brand name Airtel Money, provide a platform for customers to conduct financial transactions such as money transfers, bill payments, and merchant payments. This service not only enhances financial inclusion but also constitutes a fast-growing segment of the company’s revenue. Airtel Africa's earnings are bolstered by strategic partnerships with local and international organizations, as well as investments in network infrastructure and expansion efforts to reach underserved markets.

Airtel Africa Plc Earnings Call Summary

Earnings Call Date:May 08, 2025
(Q3-2025)
|
% Change Since: 11.10%|
Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth and strategic advancements in digital and financial inclusion. However, challenges such as foreign exchange impacts on reported revenue and uncertainties in Nigeria's tariff adjustments were noted. Despite these challenges, the overall performance and strategic initiatives were positive.
Q3-2025 Updates
Positive Updates
Strong Constant Currency Revenue Growth
Revenues in the quarter reached $1.27 billion, representing a 21.3% growth in constant currency, accelerating from 20.8% growth in quarter two and 19% in quarter one.
Significant Growth in Mobile Money Customer Base
The mobile money customer base grew by 18% to over 44 million, reflecting a strong focus on financial inclusion.
Regional Revenue Growth
Nigeria experienced almost 35% constant currency growth, East Africa saw a 23% increase, and Francophone Africa achieved a 10.2% growth.
Nigerian Tariff Adjustments
The NCC has granted approvals for tariff adjustments in Nigeria, seen as necessary to sustain industry investment and service provision.
EBITDA Margin Improvement
EBITDA margins have expanded from 45.3% in quarter one to 46.9% in quarter three, reflecting the success of cost optimization programs.
Negative Updates
Reported Currency Revenue Growth Impacted
Reported currency revenues grew only 2.5% in quarter three due to foreign exchange headwinds.
Uncertainty in Nigeria's Price Increase Impact
There is uncertainty regarding the competitive reaction and demand elasticity following the tariff adjustments.
Margin Erosion in Francophone Africa
Margins in Francophone Africa dipped slightly due to higher marketing spends.
Limited Upstreaming from Nigeria
Due to accumulated losses from foreign exchange impacts, there will be limited upstreaming from Nigeria, affecting cash availability.
Company Guidance
During the Airtel Africa Nine Month 2025 Results Update call, significant metrics were presented, reflecting the company's strong performance amid macroeconomic challenges. Over the last nine months, Airtel Africa reported a constant currency revenue growth acceleration, with quarterly revenues reaching $1.27 billion, marking a 21.3% increase from the prior year. This growth was progressive, up from 20.8% in quarter two and 19% in quarter one. Regionally, Nigeria showed robust constant currency growth of almost 35%, East Africa accelerated to nearly 23%, and Francophone Africa returned to double-digit growth at 10.2%. The mobile money customer base expanded by 18% to over 44 million, contributing significantly to the company's financial inclusivity goals. Despite foreign exchange headwinds leading to a modest 2.5% reported currency revenue growth in quarter three, the company's strategy focused on digital and financial inclusion, smartphone penetration, and cost efficiency, aiming at improving EBITDA margins and sustaining profitable growth. The call also highlighted Nigeria's regulatory approval for tariff adjustments, which is expected to positively impact future revenue and EBITDA margins, though the actual impact remains contingent on competitive market responses.

Airtel Africa Plc Financial Statement Overview

Summary
Airtel Africa Plc shows strong financial health with robust gross and EBIT margins and efficient cash flow generation. However, challenges in net profitability and revenue growth, coupled with high leverage, could impact future stability.
Income Statement
72
Positive
Airtel Africa Plc has shown a mixed performance. The gross profit margin for the latest period is robust at 70.3%, indicating effective cost management. However, the net profit margin is relatively low at 4.4%, impacted by high operating expenses and interest costs. Revenue has decreased slightly from the previous year, with a revenue growth rate of -0.9%, reflecting challenges in growth. The EBIT margin is healthy at 29.4%, while the EBITDA margin of 42.9% indicates good operational efficiency.
Balance Sheet
65
Positive
The company exhibits a relatively high debt-to-equity ratio of 2.41, indicating a significant reliance on debt financing, which could pose risks if not managed well. The return on equity is modest at 8.9%, suggesting average profitability for shareholders. The equity ratio stands at 20.7%, showing a balanced approach to asset financing but indicating potential vulnerability to financial instability if liabilities increase.
Cash Flow
78
Positive
Airtel Africa has demonstrated strong cash flow management with a free cash flow growth rate of 14.4%, suggesting healthy cash generation. The operating cash flow to net income ratio is high at 10.3, indicating efficient conversion of net income into cash. The free cash flow to net income ratio is also robust at 6.4, supporting the company's ability to fund operations and investments without heavy reliance on external financing.
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue4.96B5.00B5.25B4.71B3.91B
Gross Profit3.48B3.19B3.58B3.25B2.64B
EBITDA2.13B2.16B2.62B2.28B1.68B
Net Income220.00M-165.00M663.00M631.00M339.00M
Balance Sheet
Total Assets12.02B9.86B11.17B10.36B9.99B
Cash, Cash Equivalents and Short-Term Investments644.00M966.00M845.00M982.00M1.14B
Total Debt5.98B4.46B4.22B3.93B4.62B
Total Liabilities9.25B7.56B7.36B6.71B6.64B
Stockholders Equity2.49B2.16B3.63B3.50B3.40B
Cash Flow
Free Cash Flow1.41B1.23B927.00M1.27B751.00M
Operating Cash Flow2.27B2.26B2.21B2.01B1.67B
Investing Cash Flow-562.00M-1.23B-1.03B-557.00M-1.16B
Financing Cash Flow-1.54B-844.00M-1.12B-1.61B-575.00M

Airtel Africa Plc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price186.10
Price Trends
50DMA
174.52
Positive
100DMA
162.70
Positive
200DMA
137.45
Positive
Market Momentum
MACD
2.97
Negative
RSI
63.64
Neutral
STOCH
85.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AAF, the sentiment is Positive. The current price of 186.1 is above the 20-day moving average (MA) of 177.36, above the 50-day MA of 174.52, and above the 200-day MA of 137.45, indicating a bullish trend. The MACD of 2.97 indicates Negative momentum. The RSI at 63.64 is Neutral, neither overbought nor oversold. The STOCH value of 85.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AAF.

Airtel Africa Plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
£1.03B15.1719.42%232.97%11.06%31.61%
68
Neutral
£19.02B18.128.29%2.44%-2.23%22.78%
GBAAF
68
Neutral
£6.72B39.469.48%315.89%-1.99%
64
Neutral
$1.25B49.14
6.88%
GBVOD
64
Neutral
£19.63B8.78-7.22%402.64%-0.59%-489.50%
61
Neutral
$40.40B-0.91-12.15%3.89%2.03%-69.70%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:AAF
Airtel Africa Plc
185.00
70.79
61.98%
GB:BT.A
BT Group plc
195.50
62.46
46.95%
GB:VOD
Vodafone
80.84
13.90
20.76%
GB:GAMA
Gamma Communications
1,104.00
-318.84
-22.41%
GB:HTWS
Helios Towers
119.40
-9.60
-7.44%

Airtel Africa Plc Corporate Events

Stock BuybackRegulatory Filings and Compliance
Airtel Africa Advances Share Buy-Back Program
Neutral
Jul 10, 2025

Airtel Africa has executed a share buy-back program, purchasing 15,372 of its ordinary shares at an average price of 184.97 GBp per share from Barclays Capital Securities Limited. This transaction is part of a larger $100 million buy-back initiative announced in December 2024, aimed at optimizing the company’s capital structure. Following this purchase, the total number of voting rights in the company is 3,654,378,945, which shareholders can use for regulatory compliance under the Financial Conduct Authority’s rules.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Shareholder MeetingsBusiness Operations and Strategy
Airtel Africa Successfully Passes All Resolutions at AGM
Positive
Jul 9, 2025

Airtel Africa announced that all proposed resolutions were passed at its Annual General Meeting held on 9 July 2025. The resolutions included the approval of accounts, remuneration reports, and the re-election of directors, among others. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued growth and stability in the telecommunications sector.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program
Positive
Jul 9, 2025

Airtel Africa Plc has executed a share buy-back transaction, acquiring 315,033 of its ordinary shares at a volume-weighted average price of 182.54 GBp per share. This move is part of the company’s $100 million share buy-back program initiated in December 2024, aimed at reducing the number of shares in circulation and potentially enhancing shareholder value. Following this transaction, the total number of voting rights in the company stands at 3,654,394,317, which stakeholders can use for interest calculations under regulatory guidelines.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Executes Share Buy-Back to Optimize Capital Structure
Positive
Jul 9, 2025

Airtel Africa Plc has executed a share buy-back program, purchasing 315,033 ordinary shares at a volume-weighted average price of 182.54 GBp per share. This move is part of a broader $100 million buy-back initiative, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The cancellation of these shares will adjust the total number of voting rights, impacting shareholder calculations under regulatory guidelines.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program
Positive
Jul 8, 2025

Airtel Africa Plc has executed a share buy-back, purchasing 748,133 of its ordinary shares at prices ranging from 179.00p to 180.00p per share. This move is part of a larger $100 million buy-back program initiated in December 2024, reflecting the company’s strategy to optimize its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-back Program with New Purchase
Neutral
Jul 3, 2025

Airtel Africa Plc announced the purchase of 503,056 of its ordinary shares as part of its ongoing share buy-back program, with the shares being bought at a volume-weighted average price of 177.63 GBp. This move is part of a larger $100 million buy-back initiative aimed at optimizing the company’s capital structure, which has seen the purchase of over 33 million shares to date. The cancellation of these shares will reduce the total number of voting rights, potentially impacting shareholder calculations under regulatory guidelines.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Airtel Africa Announces Voting Rights and Capital Update
Neutral
Jul 1, 2025

Airtel Africa plc has announced its total voting rights and capital as of June 30, 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rule. The company’s issued share capital includes 3,663,771,666 ordinary shares, with a total voting rights figure of 3,655,960,539, accounting for treasury shares and unsettled share purchases related to its ongoing share buyback program. This announcement is crucial for shareholders to determine their interests and any changes therein, reflecting Airtel Africa’s commitment to transparency and regulatory compliance.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Positive
Jul 1, 2025

Airtel Africa Plc announced the purchase of 308,969 of its ordinary shares as part of its ongoing $100 million share buy-back program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s commitment to enhancing shareholder value. The purchased shares will be canceled, reducing the total number of shares in issue to 3,663,449,583, which includes 7,489,044 treasury shares. This move is expected to impact the company’s market positioning by potentially increasing the value of remaining shares and aligning with its strategic financial goals.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program
Positive
Jun 30, 2025

Airtel Africa has announced the purchase of 13,114 of its ordinary shares as part of its ongoing share buy-back program, which was initially announced in May 2025. This transaction, executed through Barclays Capital Securities Limited, is part of the company’s strategy to manage its capital structure and enhance shareholder value. Following this purchase, the total number of voting rights in the company is 3,656,269,508. The buy-back program reflects Airtel Africa’s commitment to optimizing its financial operations and maintaining a strong market position.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £122.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Positive
Jun 27, 2025

Airtel Africa has announced the purchase of 101,137 of its ordinary shares as part of its ongoing $100 million share buy-back program. The shares were acquired at a volume-weighted average price of 176.95 GBp and will be cancelled, reducing the total number of voting rights in the company. This move is part of Airtel Africa’s strategy to enhance shareholder value and optimize its capital structure, potentially strengthening its market position and financial stability.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with Latest Repurchase
Positive
Jun 26, 2025

Airtel Africa has repurchased 500,000 of its ordinary shares as part of its ongoing share buy-back program, which was initially announced in December 2024. The repurchased shares, acquired at a volume-weighted average price of 176.74 GBp, will be canceled, reducing the total number of shares in issue and potentially increasing shareholder value. This strategic move is part of Airtel Africa’s efforts to optimize its capital structure and enhance shareholder returns, reflecting confidence in its financial stability and future growth prospects.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with New Purchase
Positive
Jun 25, 2025

Airtel Africa Plc announced the purchase of 460,474 of its ordinary shares as part of its ongoing $100 million share buy-back program. This strategic move, executed through Barclays Capital Securities Limited, aims to optimize the company’s capital structure and enhance shareholder value. The cancellation of these shares will slightly reduce the total number of voting rights, potentially impacting shareholder calculations under regulatory guidelines.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program
Positive
Jun 24, 2025

Airtel Africa has executed a share buy-back program, purchasing 400,000 of its ordinary shares at a volume weighted average price of 171.62 GBp. This move is part of a larger $100 million buy-back initiative aimed at optimizing the company’s capital structure and potentially increasing shareholder value. The cancellation of these shares will adjust the total number of voting rights, impacting shareholder calculations under regulatory guidelines.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program
Positive
Jun 19, 2025

Airtel Africa has executed a share buy-back program, purchasing 400,000 of its ordinary shares at an average price of 176.74 GBp per share. This move is part of a larger $100 million buy-back initiative aimed at optimizing the company’s capital structure, potentially increasing shareholder value and reflecting confidence in its financial health.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Positive
Jun 18, 2025

Airtel Africa Plc announced the purchase of 300,000 ordinary shares as part of its ongoing share buy-back program, which was initially announced in December 2024. The shares were acquired at a volume-weighted average price of 175.08 GBp and will be canceled, reducing the total number of voting rights in the company. This move is part of a broader $100 million buy-back initiative aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Neutral
Jun 16, 2025

Airtel Africa has announced the purchase of 100,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction, executed through Barclays Capital Securities Limited, is part of a larger $100 million buy-back initiative aimed at optimizing the company’s capital structure. The cancellation of these shares will adjust the total number of voting rights, impacting shareholder calculations under regulatory guidelines.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program
Positive
Jun 13, 2025

Airtel Africa has executed a share buy-back program, purchasing 185,653 of its ordinary shares at an average price of 176.79 GBp per share. This move is part of a broader $100 million buy-back initiative aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program with Recent Purchase
Positive
Jun 12, 2025

Airtel Africa Plc has announced the purchase of 600,000 of its ordinary shares as part of its ongoing share buy-back program, which was initially announced in May 2025. The shares were acquired at a volume weighted average price of 175.90 GBp and will be cancelled, reducing the total number of voting rights in the company. This move is part of a broader $100 million buy-back initiative that began in December 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program
Positive
Jun 11, 2025

Airtel Africa Plc announced the purchase of 246,882 of its ordinary shares as part of its ongoing share buy-back program, initially announced in December 2024. This move is part of a $100 million initiative aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program with New Purchase
Positive
Jun 10, 2025

Airtel Africa has announced the purchase of 500,000 of its own ordinary shares as part of its ongoing share buy-back program, which was initially announced in December 2024. This move is part of a $100 million buy-back initiative aimed at reducing the number of shares in circulation, thus potentially increasing the value of remaining shares and enhancing shareholder value. The cancellation of these shares will adjust the total number of voting rights, which may impact shareholder calculations regarding their interest in the company.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Shareholder MeetingsFinancial Disclosures
Airtel Africa Releases 2025 Annual Report and AGM Notice
Positive
Jun 9, 2025

Airtel Africa has released its Annual Report and Accounts for the year ending 31 March 2025, along with the Notice of its Annual General Meeting (AGM). The AGM is scheduled for 9 July 2025 in London and will also be accessible electronically. The documents have been distributed to shareholders and are available on the company’s website. This announcement underscores Airtel Africa’s commitment to transparency and shareholder engagement, potentially strengthening its market position and stakeholder relations.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Positive
Jun 9, 2025

Airtel Africa has announced the purchase of 250,000 of its own ordinary shares as part of its ongoing share buy-back program. This move is part of a larger $100 million buy-back initiative aimed at reducing the number of shares in circulation, potentially increasing shareholder value and consolidating the company’s market position.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Positive
Jun 6, 2025

Airtel Africa has announced the purchase of 200,000 of its ordinary shares as part of its ongoing share buy-back program, which was initiated to enhance shareholder value. The shares were acquired at prices ranging from 180.70p to 184.10p and will be canceled, reducing the total number of voting rights in the company. This strategic move is part of a larger $100 million buy-back initiative, reflecting the company’s commitment to optimizing its capital structure and potentially increasing the value of remaining shares for stakeholders.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £145.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with New Purchase
Positive
Jun 5, 2025

Airtel Africa announced the purchase of 100,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction, executed through Barclays Capital Securities Limited, is part of a $100 million buy-back initiative that began in December 2024. The purchased shares will be canceled, reducing the total number of shares in issue, which impacts the voting rights and shareholding calculations for stakeholders. This move is indicative of Airtel Africa’s strategic financial management and may enhance shareholder value by reducing the number of shares available in the market.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £145.00 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with Recent Purchase
Positive
Jun 4, 2025

Airtel Africa has announced the purchase of 26,898 of its ordinary shares as part of its ongoing share buy-back program, which was authorized by shareholders and initially announced in May 2025. The shares, purchased at a volume-weighted average price of 179.23 GBp, will be cancelled, reducing the total number of shares in issue and potentially impacting shareholder voting rights. This move is part of a broader $100 million buy-back initiative that has seen the company repurchase over 28 million shares, reflecting a strategic effort to manage equity and enhance shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances $100 Million Share Buy-Back Initiative
Positive
Jun 3, 2025

Airtel Africa Plc has executed a share buy-back transaction, purchasing 200,000 ordinary shares at an average price of 177.44 GBp per share. This move is part of a broader $100 million share buy-back program initiated in December 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Airtel Africa Updates on Voting Rights and Capital Structure
Neutral
Jun 2, 2025

Airtel Africa has announced its total voting rights and capital structure as of May 30, 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rule. The company has 3,668,992,710 ordinary shares, with 3,661,053,666 voting rights available after accounting for treasury shares and unsettled share purchases related to its ongoing share buyback program. This update is crucial for shareholders to assess their interests and any changes therein, reflecting Airtel Africa’s commitment to transparency and regulatory compliance.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Dividends
Airtel Africa Announces Final Dividend Currency Options
Neutral
Jun 2, 2025

Airtel Africa has announced the currency options for its final dividend payment, set to be distributed on July 25, 2025, to shareholders registered by June 20, 2025. Shareholders on the London Stock Exchange can choose to receive their dividends in GB pounds or U.S. dollars, while those on the Nigerian Stock Exchange can opt for Nigerian naira or U.S. dollars, with specific exchange rates provided for each currency.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Executes Share Buy-Back as Part of $100M Program
Positive
Jun 2, 2025

Airtel Africa Plc has executed a share buy-back, purchasing 200,000 of its ordinary shares at an average price of 178.53 GBp per share. This move is part of a larger $100 million buy-back program initiated in December 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program
Positive
May 30, 2025

Airtel Africa has executed a share buy-back, purchasing 250,000 ordinary shares as part of its ongoing $100 million share buy-back program. This move is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach in managing its financial resources.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program
Positive
May 29, 2025

Airtel Africa has executed a share buy-back, purchasing 150,000 of its ordinary shares at an average price of 177.55 GBp per share. This move is part of a larger $100 million buy-back program initiated in December 2024, aimed at reducing the number of shares in circulation and potentially increasing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Positive
May 27, 2025

Airtel Africa has announced the purchase of 100,000 of its ordinary shares as part of its ongoing share buy-back program, which was initially announced in December 2024. This transaction, conducted through Barclays Capital Securities Limited, is part of a broader $100 million buy-back initiative aimed at optimizing the company’s capital structure. The purchased shares will be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which could positively impact shareholder value and market perception.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program
Positive
May 19, 2025

Airtel Africa Plc has executed a share buy-back, purchasing 194,564 of its ordinary shares at an average price of 176.90 GBp per share. This move is part of a larger $100 million share buy-back program initiated in December 2024, aimed at consolidating its share capital and potentially enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program with Latest Purchase
Positive
May 16, 2025

Airtel Africa announced the purchase of 200,000 of its ordinary shares as part of its ongoing share buy-back program. This move, executed through Barclays Capital Securities Limited, is part of a broader $100 million initiative to consolidate its market position and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, thereby impacting the company’s market dynamics and shareholder interests.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Executes Share Buy-Back as Part of $100M Program
Positive
May 15, 2025

Airtel Africa Plc has executed a share buy-back, purchasing 392,899 ordinary shares at an average price of 173.04 GBp per share. This move is part of a larger $100 million share buy-back program initiated in December 2024, aimed at reducing the number of shares in circulation and potentially enhancing shareholder value.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Stock Buyback
Airtel Africa Initiates Second Tranche of Share Buy-Back Program
Neutral
May 14, 2025

Airtel Africa has announced the commencement of the second tranche of its $100 million share buy-back program, amounting to a maximum of $55 million, which is expected to conclude by November 19, 2025. The buy-back aims to reduce the company’s capital, with all purchased shares to be cancelled, and is conducted in partnership with Barclays Capital Securities Limited, adhering to regulatory guidelines and shareholder authority.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Airtel Africa Announces Directorate Change with Akhil Gupta’s Retirement
Neutral
May 13, 2025

Airtel Africa plc announced the upcoming retirement of Akhil Gupta as a non-executive director at the conclusion of the company’s AGM in July 2025. The Board expressed gratitude for Gupta’s significant contributions since the company’s acquisition in 2010, highlighting his role in navigating challenges and achievements, including the company’s listing in 2019.

The most recent analyst rating on (GB:AAF) stock is a Hold with a £1.27 price target. To see the full list of analyst forecasts on Airtel Africa Plc stock, see the GB:AAF Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Airtel Africa Achieves Strong Growth Amidst Currency Challenges
Positive
May 8, 2025

Airtel Africa reported robust operational performance for the year ending March 31, 2025, with a customer base increase of 8.7% to 166.1 million and significant growth in mobile money subscribers by 17.3% to 44.6 million. Despite currency devaluation impacting reported revenues, the company achieved a 21.1% revenue growth in constant currency, driven by strong data and mobile money revenue increases. The company also improved its profit after tax to $328 million from a previous loss, reflecting lower derivative and foreign exchange losses. Airtel Africa continues to focus on network investment and digital platform enhancements, with plans for an Airtel Money IPO in 2026, subject to market conditions.

Regulatory Filings and Compliance
Airtel Africa Updates on Total Voting Rights and Capital Structure
Neutral
May 1, 2025

Airtel Africa has announced its total voting rights and capital structure as of April 30, 2025, with an issued share capital consisting of 3,670,529,876 ordinary shares, of which 7,489,044 are held in treasury and do not carry voting rights. This update is in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rule, providing shareholders with the necessary information for calculating their interests in the company, which may impact their reporting obligations under FCA rules.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program
Positive
Apr 24, 2025

Airtel Africa Plc has announced the purchase of 650,000 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of 163.48 GBp and will be held in treasury. This move is part of a broader strategy to optimize the company’s capital structure and potentially enhance shareholder value.

Stock Buyback
Airtel Africa Advances Share Buy-Back Program
Neutral
Apr 23, 2025

Airtel Africa has announced the purchase of 400,000 of its ordinary shares as part of its ongoing share buy-back program. The shares, acquired at a volume-weighted average price of 163.56 GBp, will be held in treasury, impacting the total number of voting rights in the company and potentially affecting shareholder interests.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Executes Share Buy-Back Program
Positive
Apr 22, 2025

Airtel Africa has executed a share buy-back program, purchasing 200,000 of its ordinary shares at a volume-weighted average price of 162.45 GBp per share. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value, reflecting confidence in the company’s financial health and future prospects.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Strategy
Positive
Apr 17, 2025

Airtel Africa has executed a share buy-back program, purchasing 394,324 of its ordinary shares at an average price of 164.21 GBp per share. This move is part of a broader strategy announced in December 2024, aimed at optimizing the company’s capital structure and enhancing shareholder value. The repurchased shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder calculations under regulatory guidelines.

Business Operations and StrategyFinancial Disclosures
Airtel Africa to Announce Full-Year Results on 8 May 2025
Neutral
Apr 16, 2025

Airtel Africa will announce its full-year results for the period ending 31 March 2025 on 8 May 2025. The announcement will be accompanied by a presentation and conference call for analysts and investors, highlighting the company’s operational performance and strategic positioning in the telecommunications and mobile money sectors across Africa.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Executes Share Buy-Back to Optimize Capital Structure
Positive
Apr 16, 2025

Airtel Africa Plc has executed a share buy-back program, purchasing 300,000 of its ordinary shares at an average price of 161.47 GBp per share. This move, part of a broader strategy announced in December 2024, aims to consolidate the company’s share capital and potentially enhance shareholder value. The shares will be held in treasury, adjusting the total number of voting rights to 3,665,216,285. This strategic financial maneuver is indicative of Airtel Africa’s commitment to optimizing its capital structure, which could have positive implications for its market positioning and investor relations.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Advances Share Buy-Back Program with New Purchase
Neutral
Apr 15, 2025

Airtel Africa announced the purchase of 400,840 of its own shares as part of its ongoing share buy-back program, with the shares being held in treasury. This move, executed through Barclays Capital Securities Limited, is part of a broader strategy initiated in December 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Executes Share Buy-Back to Enhance Capital Structure
Positive
Apr 14, 2025

Airtel Africa has executed a share buy-back program, purchasing 500,000 of its ordinary shares at a volume-weighted average price of 154.23 GBp per share. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s ongoing efforts to strengthen its financial position and market standing.

Stock BuybackBusiness Operations and Strategy
Airtel Africa Executes Share Buy-Back to Enhance Shareholder Value
Positive
Apr 10, 2025

Airtel Africa Plc has executed a share buy-back program, purchasing 410,539 of its ordinary shares at a volume-weighted average price of 148.52 GBp. This move is part of a broader strategy to optimize the company’s capital structure and potentially enhance shareholder value, reflecting confidence in its financial health and future prospects.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 10, 2025