Zegona Communications (LON:ZEG – Get Free Report) had its price target lowered by stock analysts at Canaccord Genuity Group from GBX 945 ($11.82) to GBX 825 ($10.32) in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 97.37% from the company’s previous close.
Zegona Communications Price Performance
Shares of LON:ZEG traded down GBX 4 ($0.05) on Tuesday, reaching GBX 418 ($5.23). 1,000,815 shares of the company traded hands, compared to its average volume of 742,219. Zegona Communications has a fifty-two week low of GBX 174 ($2.18) and a fifty-two week high of GBX 436 ($5.45). The company’s 50 day moving average is GBX 344.78 and its 200-day moving average is GBX 333.39. The company has a debt-to-equity ratio of 4.22, a current ratio of 67.85 and a quick ratio of 6.23. The stock has a market capitalization of £2.94 billion, a PE ratio of 4,644.44 and a beta of 2.80.
Insider Transactions at Zegona Communications
In other news, insider Ashley G. Martin bought 12,750 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of GBX 330 ($4.13) per share, for a total transaction of £42,075 ($52,639.81). 74.68% of the stock is currently owned by corporate insiders.
About Zegona Communications
Zegona is a British company investing strategically across the Europe with the objective of acquiring businesses in the European TMT sector, using a “Buy-Fix-Sell” strategy to deliver attractive shareholder returns.
The first acquisition made by Zegona was of Asturian telecommunications operator Telecable in 2015.
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