Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Zegona Communications (LON:ZEG)

Zegona Communications (LON:ZEG)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday,Digital Look reports. They currently have a GBX 2,200 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 46.67% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 2,500 target price on shares of Zegona Communications in a research note on Wednesday, July 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,300 price target on shares of Zegona Communications in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Zegona Communications currently has a consensus rating of “Buy” and a consensus target price of GBX 2,333.33.

Zegona Communications Trading Up 0.8%

Zegona Communications stock opened at GBX 1,500 on Thursday. The stock has a market cap of £3.38 billion, a P/E ratio of -50.00 and a beta of 3.41. The company has a debt-to-equity ratio of 592.64, a current ratio of 0.70 and a quick ratio of 6.23. Zegona Communications has a 1 year low of GBX 1,050 and a 1 year high of GBX 1,962. The firm’s 50 day moving average price is GBX 1,583.59 and its 200-day moving average price is GBX 1,679.60.

Insiders Place Their Bets

In other Zegona Communications news, insider Timothy Pennington purchased 6,588 shares of Zegona Communications stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average price of GBX 15 per share, for a total transaction of £988.20. Also, insider Suzi Williams purchased 1,632 shares of Zegona Communications stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average price of GBX 1,716 per share, for a total transaction of £28,005.12. Company insiders own 41.81% of the company’s stock.

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.