Shares of Zegona Communications plc (LON:ZEG – Get Free Report) reached a new 52-week high during trading on Wednesday. The stock traded as high as GBX 1,886 and last traded at GBX 1,874, with a volume of 44,651,766 shares trading hands. The stock had previously closed at GBX 1,800.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ZEG. Canaccord Genuity Group cut their price objective on shares of Zegona Communications from GBX 2,500 to GBX 2,450 and set a “buy” rating on the stock in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,200 price target on shares of Zegona Communications in a report on Thursday, August 13th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,300 price target on shares of Zegona Communications in a research report on Thursday, September 24th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Zegona Communications presently has an average rating of “Buy” and an average target price of GBX 2,316.67.
Read Our Latest Stock Analysis on Zegona Communications
Zegona Communications Price Performance
The stock has a market capitalization of £3.87 billion, a PE ratio of -57.20 and a beta of 3.39. The company has a debt-to-equity ratio of 592.64, a current ratio of 0.70 and a quick ratio of 6.23. The stock’s fifty day moving average is GBX 1,727.31 and its 200-day moving average is GBX 1,685.23.
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.
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