Airtel Africa (LON:AAF) Sets New 12-Month High - What's Next?

Key Points

• Airtel Africa Plc shares reached a new 52-week high, trading at GBX 230.80 ($3.08) before settling at GBX 230.17 ($3.07) with over 1.2 million shares exchanged.
• The company has a market capitalization of £8.39 billion and notable financial ratios, including a P/E ratio of 2,500.76 and a debt-to-equity ratio of 275.30.
• Insider Paul Arkwright purchased 10,000 shares at an average price of GBX 228 per share, increasing insider ownership to 24.89%.

Shares of Airtel Africa Plc (LON:AAF - ) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 230.80 ($3.08) and last traded at GBX 230.17 ($3.07), with a volume of 1227521 shares traded. The stock had previously closed at GBX 227.60 ($3.04).

Airtel Africa Trading Up 1.1%

The firm has a market cap of £8.39 billion, a P/E ratio of 2,500.76, a price-to-earnings-growth 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. The firm's 50-day simple moving average is GBX 213.77 and its 200 day simple moving average is GBX 184.92.

Insider Activity

In other Airtel Africa news, insider Paul Arkwright purchased 10,000 shares of the stock in a transaction dated Friday, September 12th. The shares were bought at an average price of GBX 228 per share, with a total value of £22,800. 24.89% of the stock is currently owned by company insiders.

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.

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