Airtel Africa (LON:AAF) Sets New 12-Month High – Time to Buy?

Airtel Africa Plc (LON:AAF) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 148.10 ($1.85) and last traded at GBX 147.50 ($1.84), with a volume of 10074582 shares. The stock had previously closed at GBX 145.20 ($1.82).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price objective on Airtel Africa from GBX 121 ($1.51) to GBX 128 ($1.60) and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Airtel Africa Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85. The firm has a market cap of £5.37 billion, a P/E ratio of -4,853.33, a PEG ratio of 0.58 and a beta of 1.04. The firm has a 50-day simple moving average of GBX 116.67 and a 200-day simple moving average of GBX 113.01.

Insider Buying and Selling at Airtel Africa

In other Airtel Africa news, insider Shravin Bharti Mittal acquired 804,887 shares of the stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of GBX 96 ($1.20) per share, with a total value of £772,691.52 ($965,985.15). In the last 90 days, insiders have purchased 16,493,062 shares of company stock valued at $1,719,710,302. 72.58% of the stock is currently owned by corporate insiders.

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.