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

Airtel Africa Plc (LON:AAF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 160.10 ($2.08) and last traded at GBX 159.30 ($2.07), with a volume of 155540109 shares. The stock had previously closed at GBX 154.70 ($2.01).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on shares of Airtel Africa from GBX 121 ($1.57) to GBX 128 ($1.66) and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Airtel Africa Stock Down 0.4 %

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 stock has a market cap of £7.32 billion, a P/E ratio of -93.88, a PEG ratio of 0.58 and a beta of 1.04. The company’s 50 day moving average price is GBX 139.79 and its two-hundred day moving average price is GBX 120.41.

Insiders Place Their Bets

In other news, insider Shravin Bharti Mittal bought 15,000,000 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were bought at an average price of GBX 105 ($1.36) per share, for a total transaction of £15,750,000 ($20,422,717.84). Also, insider Sunil Bharti Mittal acquired 163,582,576 shares of Airtel Africa stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of GBX 132 ($1.71) per share, with a total value of £215,929,000.32 ($279,990,923.65). Insiders own 72.58% 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.