Airtel Africa (LON:AAF) Reaches New 12-Month High – What’s Next?

Shares of Airtel Africa Plc (LON:AAF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 166.80 ($2.16) and last traded at GBX 165.90 ($2.14), with a volume of 715913 shares trading hands. The stock had previously closed at GBX 165.60 ($2.14).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price target on shares of Airtel Africa from GBX 121 ($1.56) to GBX 128 ($1.65) and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Airtel Africa Stock Down 0.2 %

The firm has a market cap of £7.57 billion, a PE ratio of -97.18, a P/E/G ratio of 0.58 and a beta of 1.04. The company has a debt-to-equity ratio of 275.30, a current ratio of 0.47 and a quick ratio of 0.26. The business has a fifty day moving average price of GBX 145.71 and a two-hundred day moving average price of GBX 122.82.

Insider Buying and Selling at Airtel Africa

In related news, insider Sunil Bharti Mittal bought 163,582,576 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was bought at an average price of GBX 132 ($1.71) per share, with a total value of £215,929,000.32 ($278,978,036.59). Company 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.