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

Airtel Africa Plc (LON:AAF)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 359 and last traded at GBX 355.40, with a volume of 2345314 shares trading hands. The stock had previously closed at GBX 344.20.

Airtel Africa Stock Up 0.2%

The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 275.30. The business has a 50-day simple moving average of GBX 303.15 and a 200-day simple moving average of GBX 242.04. The company has a market cap of £12.99 billion, a PE ratio of 26.39, a P/E/G ratio of 0.58 and a beta of 1.04.

Insider Activity

In related news, insider Liisa Annika Poutiainen sold 3,000 shares of Airtel Africa stock in a transaction on Thursday, October 30th. The shares were sold at an average price of GBX 278, for a total value of £8,340. 24.89% of the stock is owned by company insiders.

Airtel Africa Company Profile

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.