Airtel Africa (LON:AAF) Hits New 1-Year High - Still a Buy?

Airtel Africa Plc (LON:AAF - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 148.10 ($1.84) and last traded at GBX 147.50 ($1.83), with a volume of 10074582 shares traded. The stock had previously closed at GBX 145.20 ($1.80).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price target on shares of Airtel Africa from GBX 121 ($1.50) to GBX 128 ($1.59) and gave the stock a "buy" rating in a research note on Wednesday, December 11th.

Airtel Africa Stock Performance

The business has a 50-day simple moving average of GBX 118.42 and a 200 day simple moving average of GBX 113.41. The company has a debt-to-equity ratio of 180.85, a current ratio of 0.52 and a quick ratio of 0.26. The firm has a market cap of £5.33 billion, a PE ratio of -4,813.33, a PEG ratio of 0.58 and a beta of 1.04.

Insider Activity at Airtel Africa

In other Airtel Africa news, insider Shravin Bharti Mittal acquired 688,175 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of GBX 98 ($1.22) per share, for a total transaction of £674,411.50 ($836,635.03). In the last ninety days, 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.