Airtel Africa (LON:AAF) Hits New 12-Month High – Here’s What Happened

Shares of Airtel Africa Plc (LON:AAF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 173.70 ($2.31) and last traded at GBX 173.50 ($2.31), with a volume of 4789575 shares. The stock had previously closed at GBX 171.90 ($2.28).

Airtel Africa Stock Performance

The company has a market capitalization of £7.94 billion, a price-to-earnings ratio of -101.82, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The firm has a fifty day simple moving average of GBX 156.92 and a 200 day simple moving average of GBX 131.25. The company has a debt-to-equity ratio of 275.30, a current ratio of 0.47 and a quick ratio of 0.26.

Insider Activity at Airtel Africa

In related news, insider Sunil Bharti Mittal purchased 163,582,576 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of GBX 132 ($1.75) per share, with a total value of £215,929,000.32 ($287,025,123.38). 72.58% 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.