Airtel Africa (LON:AAF) Reaches New 12-Month High - Should You Buy?

Airtel Africa Plc (LON:AAF - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 148.20 ($1.86) and last traded at GBX 148.10 ($1.86), with a volume of 3492326 shares changing hands. The stock had previously closed at GBX 144.40 ($1.81).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price objective on shares of Airtel Africa from GBX 121 ($1.52) to GBX 128 ($1.61) and gave the stock a "buy" rating in a research report on Wednesday, December 11th.

Airtel Africa Trading Down 0.4 %

The business's fifty day moving average is GBX 121.70 and its 200-day moving average is GBX 114.28. The stock has a market capitalization of £6.71 billion, a PE ratio of -86.04, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 275.30.

Insider Activity at Airtel Africa

In other Airtel Africa news, insider Shravin Bharti Mittal purchased 15,000,000 shares of Airtel Africa stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of GBX 105 ($1.32) per share, with a total value of £15,750,000 ($19,793,892.17). Over the last three months, insiders purchased 16,493,062 shares of company stock worth $1,719,710,302. 72.58% of the stock is owned by company insiders.

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.