Airtel Africa PLC 22.6% potential upside indicated by JP Morgan

Airtel Africa PLC with ticker (LON:AAF) now has a potential upside of 22.6% according to JP Morgan.



JP Morgan set a target price of 160 GBX for the company, which when compared to the Airtel Africa PLC share price of 124 GBX at opening today (08/11/2021) indicates a potential upside of 22.6%. Trading has ranged between 63 (52 week low) and 125 (52 week high) with an average of 2,845,950 shares exchanging hands daily. The market capitalisation at the time of writing is £4,586,305,740.

Airtel Africa PLC is a United Kingdom-based provider of telecommunications and mobile money services. The Company offers an integrated suite of telecommunications solutions, including mobile voice and data services as well as mobile money services both nationally and internationally. It offers traditional mobile voice services, with a primary focus on data and non-voice services through its third generation (3G) and fourth generation (4G) networks. It also offers mobile money services under its Airtel Money brand to customers in all of the Company’s 14 countries of operation in Africa, primarily in East Africa and Central and West Africa. The mobile voice business line comprises pre- and post-paid wireless voice services, international roaming and fixed-line telephone services. The mobile data business line comprises data communications services, including second generation (2G), 3G and, increasingly, 4G data services, and other value added services (VAS).