Airtel Africa (LON:AAF) Reaches New 1-Year High - Time to Buy?

Airtel Africa Plc (LON:AAF - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 173.70 ($2.31) and last traded at GBX 173.50 ($2.31), with a volume of 4789575 shares changing hands. The stock had previously closed at GBX 171.90 ($2.29).

Airtel Africa Price Performance

The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 275.30. The stock's 50 day moving average price is GBX 158.75 and its two-hundred day moving average price is GBX 132.49. The firm has a market capitalization of £7.47 billion, a price-to-earnings ratio of -95.82, a P/E/G ratio of 0.58 and a beta of 1.04.

Insiders Place Their Bets

In other Airtel Africa news, insider Sunil Bharti Mittal purchased 163,582,576 shares of the company's stock in a transaction dated Friday, February 21st. The shares were bought at an average price of GBX 132 ($1.76) per share, for a total transaction of £215,929,000.32 ($287,254,224.19). Insiders own 72.58% of the company's stock.

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.