Airtel Africa PLC with ticker (LON:AAF) now has a potential upside of 23.0% according to JP Morgan Cazenove.
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JP Morgan Cazenove set a target price of 128 GBX for the company, which when compared to the Airtel Africa PLC share price of 104 GBX at opening today (20/12/2024) indicates a potential upside of 23.0%. Trading has ranged between 90 (52 week low) and 133 (52 week high) with an average of 2,503,953 shares exchanging hands daily. The market capitalisation at the time of writing is £3,866,983,800.
Airtel Africa plc is a United Kingdom-based company, which is a provider of telecommunications and mobile money services. The Company operates through four segments: Nigeria, East Africa, and Francophone Africa. The Nigeria segment comprises mobile service operations in Nigeria. The East Africa segment comprises mobile service operations in Kenya, Uganda, Rwanda, Tanzania, Malawi, and Zambia. The Francophone Africa mobile services segment comprises mobile service operations in Niger, Gabon, Chad, Republic of the Congo, the Democratic Republic of the Congo (DRC), Madagascar and the Seychelles. The Mobile money segment comprises mobile money services across the Company, including payment service bank in Nigeria. It offers pre- and post-paid wireless voice services, international roaming and fixed-line telephony services. The data services provide a suite of data communications services, including second-generation (2G), third generation (3G), and fourth generation (4G).
Airtel Africa PLC 23.0% potential upside indicated by JP Morgan Cazenove
- Written by: Charlotte Edwards
Latest Company News
Airtel Africa plc has announced strong half-year results for the period ended 30 September 2025, with revenue up 25.8% to $2.98 billion and EBITDA rising 33.2% to $1.45 billion, expanding margins to 48.5%.
Airtel Africa plc announces the upcoming retirement of non-executive director Akhil Gupta, effective July 2025, thanking him for his significant contributions.
Airtel Africa plc reports robust growth for FY 2025, showcasing a surge in customer numbers, mobile money subscribers, and improved financial performance.
Airtel Africa appoints Cynthia Gordon as an independent non-executive director, enhancing its board with her extensive telecommunications expertise across Africa.
Airtel Africa plc reports strong growth in H1 2024, with a 6.1% increase in customer base and a significant rise in data and mobile money usage.
Airtel Africa plc (LON:AAF) reports strong growth in customer base and revenue for year ending March 2024. Find out more about their financial performance and sustainability initiatives.
