Zegona Communications (LON:ZEG) Hits New 12-Month High – Time to Buy?

Zegona Communications plc (LON:ZEG) hit a new 52-week high on Monday . The stock traded as high as GBX 1,884 and last traded at GBX 1,884, with a volume of 472365 shares traded. The stock had previously closed at GBX 1,862.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price on Zegona Communications from GBX 1,500 to GBX 2,150 and gave the stock a “buy” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,683.33.

Zegona Communications Price Performance

The company has a debt-to-equity ratio of 608.59, a current ratio of 0.58 and a quick ratio of 6.23. The company has a 50-day simple moving average of GBX 1,741.04 and a two-hundred day simple moving average of GBX 1,534.94. The stock has a market capitalization of £4.26 billion, a price-to-earnings ratio of 170.55 and a beta of 3.42.

About Zegona Communications

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.