Airtel Africa (LON:AAF) Reaches New 1-Year High – Time to Buy?

Airtel Africa Plc (LON:AAF)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 148.20 ($1.85) and last traded at GBX 148.10 ($1.84), with a volume of 3492326 shares. The stock had previously closed at GBX 144.40 ($1.80).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price on Airtel Africa from GBX 121 ($1.51) to GBX 128 ($1.59) and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Airtel Africa Trading Down 0.1 %

The company has a 50 day moving average of GBX 120.04 and a 200 day moving average of GBX 113.82. The firm has a market cap of £5.42 billion, a price-to-earnings ratio of -4,899.13, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The company has a current ratio of 0.52, a quick ratio of 0.26 and a debt-to-equity ratio of 180.85.

Insider Buying and Selling at Airtel Africa

In other news, insider Shravin Bharti Mittal acquired 688,175 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of GBX 98 ($1.22) per share, with a total value of £674,411.50 ($839,760.30). Over the last three months, insiders purchased 16,493,062 shares of company stock valued at $1,719,710,302. 72.58% 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.