Airtel Africa (LON:AAF) Reaches New 1-Year High – Here’s What Happened

Airtel Africa Plc (LON:AAF) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 174.70 ($2.32) and last traded at GBX 174.70 ($2.32), with a volume of 5154272 shares traded. The stock had previously closed at GBX 169.10 ($2.25).

Airtel Africa Stock Up 0.8%

The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 275.30. The company has a market capitalization of £8.12 billion, a PE ratio of -104.24, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The business’s 50-day simple moving average is GBX 161.01 and its 200-day simple moving average is GBX 134.25.

Insider Transactions at Airtel Africa

In other news, insider Sunil Bharti Mittal bought 163,582,576 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of GBX 132 ($1.76) per share, for a total transaction of £215,929,000.32 ($287,368,911.79). Insiders own 72.58% of the company’s stock.

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.