Shares of Airtel Africa Plc (LON:AAF - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 149 ($1.94) and last traded at GBX 148.80 ($1.93), with a volume of 1994971 shares changing hands. The stock had previously closed at GBX 146.90 ($1.91).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. upped their price objective on shares of Airtel Africa from GBX 121 ($1.57) to GBX 128 ($1.66) and gave the company a "buy" rating in a research note on Wednesday, December 11th.
Check Out Our Latest Report on AAF
Airtel Africa Stock Up 0.6 %
The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 275.30. The firm has a market cap of £7.09 billion, a PE ratio of -91.00, a P/E/G ratio of 0.58 and a beta of 1.04. The firm's 50 day moving average is GBX 136.50 and its 200-day moving average is GBX 119.21.
Insider Activity at Airtel Africa
In related news, insider Shravin Bharti Mittal purchased 15,000,000 shares of the business's stock in a transaction on Friday, December 27th. The shares were bought at an average price of GBX 105 ($1.36) per share, with a total value of £15,750,000 ($20,457,202.23). Also, insider Sunil Bharti Mittal purchased 163,582,576 shares of the business's stock in a transaction on Friday, February 21st. The shares were bought at an average cost of GBX 132 ($1.71) per share, for a total transaction of £215,929,000.32 ($280,463,697.00). Insiders own 72.58% of the company's stock.
Airtel Africa Company Profile
(
Get Free Report)
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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