Airtel Africa (LON:AAF) Hits New 12-Month High – Still a Buy?

Airtel Africa Plc (LON:AAF)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 338 and last traded at GBX 335.80, with a volume of 989894 shares changing hands. The stock had previously closed at GBX 337.80.

Airtel Africa Price Performance

The firm has a market cap of £12.24 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The stock has a 50 day simple moving average of GBX 293.93 and a two-hundred day simple moving average of GBX 236.98. The company has a debt-to-equity ratio of 275.30, a quick ratio of 0.26 and a current ratio of 0.47.

Insider Activity at Airtel Africa

In other news, insider Cynthia Gordon acquired 8,722 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were acquired at an average price of GBX 229 per share, with a total value of £19,973.38. Also, insider Liisa Annika Poutiainen sold 3,000 shares of Airtel Africa stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of GBX 278, for a total transaction of £8,340. 24.89% of the stock is currently owned by company insiders.

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.