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

Airtel Africa Plc (LON:AAF - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 167.90 ($2.23) and last traded at GBX 166.40 ($2.21), with a volume of 3017050 shares changing hands. The stock had previously closed at GBX 166.20 ($2.21).

Airtel Africa Stock Up 1.1 %

The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 275.30. The business has a 50 day moving average of GBX 155.78 and a 200-day moving average of GBX 130.44. The stock has a market cap of £7.88 billion, a PE ratio of -101.12, a P/E/G ratio of 0.58 and a beta of 1.04.

Insider Buying and Selling

In related news, insider Sunil Bharti Mittal purchased 163,582,576 shares of the business's stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of GBX 132 ($1.75) per share, for a total transaction of £215,929,000.32 ($286,872,592.43). 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.