Airtel Africa Plc (LON:AAF - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 162.20 ($2.10) and last traded at GBX 162 ($2.10), with a volume of 1404733 shares traded. The stock had previously closed at GBX 159.60 ($2.07).
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. increased their target price on shares of Airtel Africa from GBX 121 ($1.57) to GBX 128 ($1.66) and gave the stock a "buy" rating in a research report on Wednesday, December 11th.
Get Our Latest Report on AAF
Airtel Africa Stock Down 0.7 %
The firm has a fifty day moving average price of GBX 144.87 and a 200 day moving average price of GBX 122.46. The firm has a market capitalization of £7.52 billion, a price-to-earnings ratio of -96.53, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 275.30.
Insider Activity
In related news, insider Sunil Bharti Mittal purchased 163,582,576 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of GBX 132 ($1.71) per share, with a total value of £215,929,000.32 ($279,483,562.41). 72.58% of the stock is currently owned by corporate insiders.
About Airtel Africa
(
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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.
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