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

Airtel Africa Plc (LON:AAF)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 255.80 ($3.41) and last traded at GBX 245.60 ($3.28), with a volume of 6055180 shares. The stock had previously closed at GBX 230.60 ($3.08).

Airtel Africa Stock Up 6.2%

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 company’s fifty day simple moving average is GBX 226.46 and its 200 day simple moving average is GBX 197.14. The firm has a market capitalization of £8.93 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04.

Insider Activity

In related news, insider Paul Arkwright acquired 10,000 shares of the stock in a transaction on Friday, September 12th. The stock was acquired at an average cost of GBX 228 per share, for a total transaction of £22,800. Also, insider Cynthia Gordon acquired 8,722 shares of the stock in a transaction on Friday, September 26th. The stock was bought at an average price of GBX 229 per share, with a total value of £19,973.38. Company 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.