Airtel Africa (OTC:AAFRF) Stock Price Down 4% – Should You Sell?

Airtel Africa Plc (OTC:AAFRF)’s share price traded down 4% on Friday . The stock traded as low as C$4.56 and last traded at C$4.56. 370 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 26,507 shares. The stock had previously closed at C$4.75.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAFRF. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Airtel Africa in a research note on Wednesday, February 4th. HSBC lowered Airtel Africa from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Airtel Africa Stock Down 4.0%

The firm has a 50 day moving average price of C$4.72 and a 200-day moving average price of C$3.90.

About Airtel Africa

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers prepaid and postpaid wireless voice, international roaming, and fixed line telephone services; data communication services, including 2G, 3G, and 4G; and mobile money services, such as digital wallet payments systems, microloans, savings, and international money transfers. The company also provides messaging, value added, enterprise, and infrastructure sharing services, as well as support services.