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

Airtel Africa Plc (LON:AAF)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 318.80 and last traded at GBX 317.40, with a volume of 10785894 shares trading hands. The stock had previously closed at GBX 312.

Airtel Africa Stock Performance

The firm has a market cap of £11.46 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. 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 stock’s 50 day moving average is GBX 270.62 and its 200 day moving average is GBX 223.03.

Insider Activity at Airtel Africa

In other news, insider Liisa Annika Poutiainen sold 3,000 shares of the company’s 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. Also, insider Paul Arkwright acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average price of GBX 228 per share, with a total value of £22,800. 24.89% of the stock is owned by 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.