Airtel Africa (LON:AAF) Reaches New 52-Week High - Here's Why

Key Points

• Airtel Africa Plc reached a new 52-week high, trading at GBX 209.40 ($2.78) with a volume of nearly 11.8 million shares.
• The company boasts a market capitalization of £9.77 billion, with a notable debt-to-equity ratio of 275.30.
• Airtel Africa operates in 14 African countries, providing integrated telecommunications and mobile money services.

Airtel Africa Plc (LON:AAF - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 209.40 ($2.82) and last traded at GBX 209.40 ($2.82), with a volume of 11795795 shares trading hands. The stock had previously closed at GBX 205.60 ($2.76).

Airtel Africa Stock Performance

The firm has a market capitalization of £9.61 billion, a price-to-earnings ratio of -123.36, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The firm's 50-day moving average price is GBX 185.16 and its two-hundred day moving average price is GBX 165.66. The company has a debt-to-equity ratio of 275.30, a quick ratio of 0.26 and a current ratio of 0.47.

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.