Airtel Africa (LON:AAF) Reaches New 12-Month High – Should You Buy?

Shares of Airtel Africa Plc (LON:AAF) reached a new 52-week high on Friday . The company traded as high as GBX 230.80 ($3.09) and last traded at GBX 230.17 ($3.08), with a volume of 1227521 shares traded. The stock had previously closed at GBX 227.60 ($3.05).

Airtel Africa Price Performance

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 firm has a market cap of £8.41 billion, a price-to-earnings ratio of 2,506.52, a P/E/G ratio of 0.58 and a beta of 1.04. The business’s 50-day moving average price is GBX 214.64 and its two-hundred day moving average price is GBX 185.79.

Insider Buying and Selling

In other Airtel Africa news, insider Paul Arkwright acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was purchased at an average price of GBX 228 per share, with a total value of £22,800. 24.89% of the stock is currently owned by corporate 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.