Airtel Africa PLC (NGX: AIRTELAFRI) Stocks
What is Airtel Africa PLC?
AIRTELAFRI – Airtel Africa PLC traces its history back to 2018 when it was incorporated in Nigeria as a Public Limited Company. It was incorporated by shares in the United Kingdom and subsequently re-registered as a public limited company in June 2019, where its registered offices were based in England and Wales.
Airtel Africa PLC is a leading provider of an extensive portfolio of telecommunications and mobile services across 14 different African countries, primarily in West, East, and Central Africa. Airtel Africa PLC provides an integrated suite of solutions to subscribers, consisting of mobile voice and data, as well as mobile money services nationally as well as internationally.
In addition to this, Airtel Africa PLC also provides traditional mobile voice services that are focused on data and non-voice services that expand across 3G and 4G networks in its area of service.
Under the unique Airtel Money brand, Airtel Africa PLC provides mobile money services to customers across all the countries in which it operates. This grants the group the perfect opportunity to extend financial services as well as a range of products to underserved countries and communities.
These services are included under the unified brand and Airtel Africa PLC also deploys, leases, owns and maintains tower infrastructure and fibre optic cables associated with telecom operations. The forecast for Airtel Africa PLC operations revolves around the roll-out of fixed wireless broadband solutions along with B2B offerings and fibre sharing, further building strong partnerships.
Airtel Africa PLC’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol AIRTELAFRI. Today, Airtel Africa PLC is in London, United Kingdom and it is owned by Bharti Airtel Limited, with a 67.2% stake in the company, with more than 3,525 employees.
Airtel Africa PLC Performance
The current share price for Airtel Africa PLC stocks is 715.00 NGN and the company has a total market capitalization of 2.69 trillion NGN. The P/E ratio for Airtel Africa PLC is not provided, but the earnings per share (EPS) for the quarter was 3.3 US cents, with a total of 3.76 billion shares outstanding.
In an analysis of financial data for 2022 thus far, during the period that ended in June, Airtel Africa PLC reported revenues that grew by 30.7% to $1,112 million, indicating a constant currency growth of 33.1% over the period.
The underlying EBITDA experienced 42% growth to $534 million with an underlying margin of 48%, which shows an increase of 396 base points, which was led by revenue growth as well as improved operational efficiencies with the return of economic activity.
Profits before tax were up to $142 million, showing a 148.7% increase because of higher operating profits and stable net financing costs. Earnings per share increased by 200% to 3.3 US cents because of higher profits, stable finance costs, and foreign exchange, guaranteeing that shareholders who want to buy or sell AIRTELAFRI shares would receive lucrative dividends and returns.
According to an analysis on the live chart of AIRTELAFRI, Airtel Africa PLC has achieved a +88.2% performance year-to-date.
Highlights of Airtel Africa PLC in 2022
Airtel Africa PLC currently has a share price of 715.00 NGN , and it is ranked 140th on the NGX according to year-to-date performance. Airtel Africa PLC is the 95th most-traded stock on the NGX and during the past three months, AIRTELAFRI has experienced a trading volume of 4.07 million shares, which was executed in 1,190 deals.
These sessions amount to a value of 2.78 million NGN over this period, where there was an average of 64,566 shares traded in each session. AIRTELAFRI also experienced an all-time high of 900,454 which was achieved in September.
Airtel Africa PLC experienced significant growth in the first quarter of the 2022/2022 financial year and this can be attributed to benefits from a weakened quarter in the previous year. This was because of various Covid-19 restrictions which were implemented across the region to prevent the spread of the virus.
After these effects were adjusted, revenue growth rates for Airtel Africa PLC was still ahead of the 2022 Fourth Quarter trends, with strong revenue growth noted for all regions, investors who want to buy and sell AIRTELARI shares can expect lucrative dividends.
How to buy Airtel Africa PLC stocks Step-by-step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade AIRTELAFRI stocks, traders and investors can follow these simple steps:
- Find the share that you want to purchase, in this case, “AIRTELAFRI”.
- Select a forex broker that offers AIRTELAFRI to the Nigerian Stock Exchange (NGX).
- Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- Make your first share purchase through the broker.
- Build and diversify your portfolio by buying more shares.
What type of company is Airtel Africa PLC?
Airtel Africa PLC is a large and reputable telecommunications company that provides mobile money services to 14 different African countries. In addition, it also offers traditional mobile voice services, focussed on data and non-voice services by expanding its 3G and 4G networks across these regions.
In which industry and sector does Airtel Africa PLC operate?
Airtel Africa PLC forms part of the Telecommunications Sector and the Mobile Telecommunications industry in Nigeria.
On which stock exchange does Airtel Africa PLC have shares for sale?
Airtel Africa PLC trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol AIRTELAFRI.
What is the price of AIRTELAFRI shares today?
The current price of AIRTELAFRI shares is 715.00 NGN .
Is Airtel Africa PLC a good investment?
Yes, Airtel Africa PLC shows consistent performance in the last quarter, ahead of its forecast for the quarter.