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

Key Points

• Airtel Africa Plc recently reached a 12-month high stock price of GBX 225 ($3.04), indicating strong market interest.
• The company has a market capitalization of £10.17 billion and is involved in telecommunications and mobile money services across 14 African countries.
• Despite the recent stock performance, Airtel Africa has a negative PE ratio of -130.47 and a high debt-to-equity ratio of 275.30, which may raise concerns for investors.

Airtel Africa Plc (LON:AAF - )'s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 225 ($3.04) and last traded at GBX 223.20 ($3.01), with a volume of 1579565 shares trading hands. The stock had previously closed at GBX 216.60 ($2.92).

Airtel Africa Price Performance

The firm's fifty day simple moving average is GBX 195.81 and its 200-day simple moving average is GBX 173.30. The firm has a market capitalization of £10.17 billion, a PE ratio of -130.47, a PEG ratio of 0.58 and a beta of 1.04. The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 275.30.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.