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

Shares of Airtel Africa Plc (LON:AAF) hit a new 52-week high on Wednesday . The stock 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 Performance

The company has a market capitalization of £8.01 billion, a P/E ratio of -102.76, a PEG ratio of 0.58 and a beta of 1.04. 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 company has a fifty day moving average price of GBX 159.80 and a two-hundred day moving average price of GBX 133.37.

Insiders Place Their Bets

In related news, insider Sunil Bharti Mittal purchased 163,582,576 shares of the firm’s stock in a transaction dated 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). Corporate insiders own 72.58% 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.