Zegona Communications (LON:ZEG) Earns “Buy” Rating from Berenberg Bank

Zegona Communications (LON:ZEG)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued on Monday, Digital Look reports. They presently have a GBX 2,300 price target on the stock. Berenberg Bank‘s price objective points to a potential upside of 31.93% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 2,200 target price on shares of Zegona Communications in a report on Thursday, August 13th. Canaccord Genuity Group cut their price target on Zegona Communications from GBX 2,500 to GBX 2,450 and set a “buy” rating for the company in a research note on Thursday, September 17th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 2,316.67.

Zegona Communications Stock Up 1.6%

Zegona Communications stock opened at GBX 1,743.34 on Monday. The firm has a market capitalization of £3.90 billion, a price-to-earnings ratio of -58.11 and a beta of 3.39. The firm’s fifty day moving average price is GBX 1,729.03 and its two-hundred day moving average price is GBX 1,685.86. Zegona Communications has a 1-year low of GBX 1,145 and a 1-year high of GBX 1,962. The company has a current ratio of 0.70, a quick ratio of 6.23 and a debt-to-equity ratio of 592.64.

Zegona Communications Company Profile

Zegona is publicly listed on the Main Market of the LSE. It was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson.

In 2024, Zegona completed the acquisition of Vodafone Spain. Vodafone Spain is one of the leading telecoms networks in Spain but following shifts in customer sentiment, Zegona believes the future of the business lies in right-sizing the cost and capex base in the business to the local market context, operating the assets more efficiently and driving value for money service propositions.