Airtel Africa Plc (LON:AAF - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 130.87 ($1.63) and last traded at GBX 129 ($1.61), with a volume of 415799719 shares changing hands. The stock had previously closed at GBX 126 ($1.57).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. increased their price target on shares of Airtel Africa from GBX 121 ($1.51) to GBX 128 ($1.59) and gave the company a "buy" rating in a report on Wednesday, December 11th.
Get Our Latest Analysis on Airtel Africa
Airtel Africa Stock Up 2.2 %
The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85. The stock has a market cap of £4.87 billion, a P/E ratio of -4,403.33, a PEG ratio of 0.58 and a beta of 1.04. The firm has a 50-day simple moving average of GBX 111.34 and a two-hundred day simple moving average of GBX 112.07.
Insider Activity at Airtel Africa
In related news, insider Shravin Bharti Mittal purchased 15,000,000 shares of Airtel Africa stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of GBX 105 ($1.31) per share, with a total value of £15,750,000 ($19,596,864.50). Over the last three months, insiders have acquired 16,493,062 shares of company stock worth $1,719,710,302. Corporate insiders own 72.58% of the company's stock.
About Airtel Africa
(
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.
See Also
Before you consider Airtel Africa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Airtel Africa wasn't on the list.
While Airtel Africa currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
