Airtel Africa (LON:AAF) Reaches New 52-Week High – Should You Buy?

Airtel Africa Plc (LON:AAF) reached a new 52-week high on Tuesday . The company traded as high as GBX 179.80 ($2.41) and last traded at GBX 179.40 ($2.41), with a volume of 2745677 shares trading hands. The stock had previously closed at GBX 177.20 ($2.38).

Airtel Africa Stock Performance

The firm has a fifty day moving average of GBX 163.53 and a 200 day moving average of GBX 136.37. 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 stock has a market capitalization of £8.24 billion, a price-to-earnings ratio of -105.77, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04.

Insider Transactions at Airtel Africa

In other news, insider Sunil Bharti Mittal bought 163,582,576 shares of the stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of GBX 132 ($1.77) per share, with a total value of £215,929,000.32 ($289,565,509.35). 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.