Airtel Africa Plc (LON:AAF - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 160.10 ($2.07) and last traded at GBX 159.30 ($2.06), with a volume of 155540109 shares trading hands. The stock had previously closed at GBX 154.70 ($2.00).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. raised their target price on Airtel Africa from GBX 121 ($1.56) to GBX 128 ($1.65) and gave the company a "buy" rating in a research note on Wednesday, December 11th.
Read Our Latest Analysis on AAF
Airtel Africa Price Performance
The firm has a market cap of £7.21 billion, a price-to-earnings ratio of -92.53, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a debt-to-equity ratio of 275.30, a quick ratio of 0.26 and a current ratio of 0.47. The business has a 50 day simple moving average of GBX 140.64 and a 200-day simple moving average of GBX 120.70.
Insider Buying and Selling at Airtel Africa
In related news, insider Sunil Bharti Mittal purchased 163,582,576 shares of the business's stock in a transaction on Friday, February 21st. The stock was acquired at an average price of GBX 132 ($1.70) per share, for a total transaction of £215,929,000.32 ($278,797,934.56). Also, 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 ($20,335,700.45). Company insiders own 72.58% of the company's stock.
About Airtel Africa
(
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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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