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 during mid-day trading on Thursday . The company traded as high as GBX 338 and last traded at GBX 335.80, with a volume of 989894 shares traded. The stock had previously closed at GBX 337.80.

Airtel Africa Trading Down 0.6%

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 has a 50-day simple moving average of GBX 293.93 and a 200 day simple moving average of GBX 236.98. The company has a market cap of £12.24 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 0.58 and a beta of 1.04.

Insider Buying and Selling

In related news, insider Liisa Annika Poutiainen sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of GBX 278, for a total value of £8,340. Also, insider Cynthia Gordon purchased 8,722 shares of Airtel Africa stock in a transaction on Friday, September 26th. The shares were acquired at an average cost of GBX 229 per share, with a total value of £19,973.38. 24.89% of the stock is 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.