Airtel Africa (LON:AAF) Sets New 1-Year High - Here's Why

Key Points

• Airtel Africa's share price reached a new 52-week high, trading at GBX 225.59 ($3.05) during Wednesday's trading session.
• The company boasts a market capitalization of £8.20 billion and a PE ratio of 2,445.65, reflecting its current market performance.
• Airtel Africa operates in 14 countries across Africa, providing a range of telecommunications and mobile money services.

Airtel Africa Plc (LON:AAF - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 225.59 ($3.06) and last traded at GBX 225.16 ($3.05), with a volume of 568009 shares traded. The stock had previously closed at GBX 223.60 ($3.03).

Airtel Africa Stock Down 2.0%

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 firm has a market capitalization of £8.16 billion, a P/E ratio of 2,432.61, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company's fifty day simple moving average is GBX 206.64 and its 200 day simple moving average is GBX 180.38.

Airtel Africa Company Profile

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.