Airtel Africa Plc (LON:AAF – Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 129 ($1.59) and last traded at GBX 128.80 ($1.59), with a volume of 9207708 shares trading hands. The stock had previously closed at GBX 127 ($1.57).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. raised their target price on shares of Airtel Africa from GBX 121 ($1.49) to GBX 128 ($1.58) and gave the stock a “buy” rating in a report on Wednesday, December 11th.
Airtel Africa Price Performance
Insider Activity
In related news, insider Shravin Bharti Mittal bought 804,887 shares of Airtel Africa stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of GBX 96 ($1.19) per share, with a total value of £772,691.52 ($954,411.46). Over the last ninety days, 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.
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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