Airtel Africa (LON:AAF) Hits New 1-Year High – Time to Buy?

Airtel Africa Plc (LON:AAF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 317.20 and last traded at GBX 316.20, with a volume of 1698267 shares traded. The stock had previously closed at GBX 314.80.

Airtel Africa Price Performance

The company has a debt-to-equity ratio of 275.30, a current ratio of 0.47 and a quick ratio of 0.26. The stock has a market capitalization of £11.36 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The stock has a 50 day moving average price of GBX 261.68 and a 200-day moving average price of GBX 218.14.

Insiders Place Their Bets

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