Airtel Africa (LON:AAF) Hits New 12-Month High - Here's What Happened

Shares of Airtel Africa Plc (LON:AAF - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 166.80 ($2.15) and last traded at GBX 165.90 ($2.14), with a volume of 715913 shares trading hands. The stock had previously closed at GBX 165.60 ($2.14).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price objective on Airtel Africa from GBX 121 ($1.56) to GBX 128 ($1.65) and gave the company a "buy" rating in a report on Wednesday, December 11th.

Airtel Africa Stock Performance

The company has a market capitalization of £6.86 billion, a P/E ratio of -88.00, a PEG ratio of 0.58 and a beta of 1.04. The stock's fifty day moving average price is GBX 148.49 and its 200-day moving average price is GBX 124.15. The company has a debt-to-equity ratio of 275.30, a quick ratio of 0.26 and a current ratio of 0.47.

Insider Buying and Selling at Airtel Africa

In related news, insider Sunil Bharti Mittal acquired 163,582,576 shares of the firm's stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of GBX 132 ($1.70) per share, for a total transaction of £215,929,000.32 ($278,438,427.23). Corporate insiders own 72.58% of the company's stock.

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.