Airtel Africa (LON:AAF) Sets New 1-Year High - Should You Buy?

Key Points

• Airtel Africa's share price reached a new 52-week high of GBX 200.40 ($2.68) on Wednesday, with a closing price of GBX 198.20 ($2.65) and a trading volume of 1,804,781 shares.
• The company has a significant debt-to-equity ratio of 275.30 and a market capitalization of £9.08 billion, indicating potential financial risk alongside growth prospects.
• Airtel Africa operates in 14 African countries, providing a range of telecommunications solutions and focusing on enhancing customer experience through streamlined services.

Airtel Africa Plc (LON:AAF - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 200.40 ($2.66) and last traded at GBX 198.20 ($2.63), with a volume of 1804781 shares. The stock had previously closed at GBX 198.20 ($2.63).

Airtel Africa Stock 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 has a fifty day moving average price of GBX 182.15 and a two-hundred day moving average price of GBX 162.70. The company has a market capitalization of £9.43 billion, a price-to-earnings ratio of -120.94, a PEG ratio of 0.58 and a beta of 1.04.

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.