Airtel Africa (LON:AAF) Trading 0.5% Higher - Still a Buy?

Key Points

• Airtel Africa Plc shares increased by 0.5% during trading, closing at GBX 227.42 ($3.03), but saw a significant decline in trading volume, with only 1.97 million shares exchanged compared to an average of 7.57 million.
• The company has a market cap of £8.29 billion and a high debt-to-equity ratio of 275.30, indicating potential financial risk.
• Recent insider activity included purchases by executives Cynthia Gordon and Paul Arkwright, demonstrating confidence in the company's stock despite its challenges.

Shares of Airtel Africa Plc (LON:AAF - ) traded up 0.5% during trading on Thursday . The stock traded as high as GBX 230.60 ($3.07) and last traded at GBX 227.42 ($3.03). 1,971,856 shares changed hands during trading, a decline of 74% from the average session volume of 7,565,718 shares. The stock had previously closed at GBX 226.40 ($3.02).

Airtel Africa Stock Performance

The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 275.30. The company's fifty day moving average is GBX 225.98 and its 200 day moving average is GBX 195.33. The company has a market cap of £8.29 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04.

Insider Buying and Selling at Airtel Africa

In other Airtel Africa news, insider Cynthia Gordon bought 8,722 shares of Airtel Africa stock in a transaction that occurred on Friday, September 26th. The shares were bought at an average price of GBX 229 per share, with a total value of £19,973.38. Also, insider Paul Arkwright bought 10,000 shares of Airtel Africa stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average cost of GBX 228 per share, for a total transaction of £22,800. 24.89% of the stock is currently owned by company insiders.

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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