Airtel Africa (LON:AAF) Hits New 12-Month High - Still a Buy?

Key Points

• Airtel Africa's shares reached a new 52-week high of GBX 249 ($3.36) during trading, closing at GBX 243.60 ($3.28) with a significant trading volume of over 4.4 million shares.
• The company has a market capitalization of £9.01 billion and key financial metrics including a P/E ratio of 2,684.78 and a debt-to-equity ratio of 275.30.
• Insider Paul Arkwright purchased 10,000 shares, while insider Cynthia Gordon acquired 8,722 shares, indicating strong confidence from company insiders with corporate ownership at 24.89%.

Airtel Africa Plc (LON:AAF - ) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 249 ($3.36) and last traded at GBX 243.60 ($3.28), with a volume of 4421194 shares changing hands. The stock had previously closed at GBX 245.40 ($3.31).

Airtel Africa Stock Up 0.7%

The stock's 50-day moving average is GBX 217.97 and its 200-day moving average is GBX 187.38. The stock has a market cap of £9.01 billion, a P/E ratio of 2,684.78, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 275.30.

Insider Transactions at Airtel Africa

In other Airtel Africa news, insider Paul Arkwright acquired 10,000 shares of Airtel Africa stock in a transaction dated Friday, September 12th. The stock was bought at an average price of GBX 228 per share, for a total transaction of £22,800. Also, insider Cynthia Gordon acquired 8,722 shares of Airtel Africa stock in a transaction dated Friday, September 26th. The shares were acquired at an average price of GBX 229 per share, with a total value of £19,973.38. Corporate insiders own 24.89% of the company's stock.

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.

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