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

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

Airtel Africa Price Performance

The company has a debt-to-equity ratio of 275.30, a quick ratio of 0.26 and a current ratio of 0.47. The business has a 50 day simple moving average of GBX 298.43 and a two-hundred day simple moving average of GBX 238.77. The firm has a market capitalization of £12.24 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04.

Insider Activity at Airtel Africa

In other Airtel Africa news, insider Liisa Annika Poutiainen sold 3,000 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of GBX 278, for a total transaction of £8,340. Corporate insiders own 24.89% of the company’s stock.

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.