Zegona Communications' (ZEG) "Buy" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has reaffirmed a "buy" rating for Zegona Communications with a price target of GBX 1,030 ($13.69), suggesting an upside of 8.81% from its current share price.
• Canaccord Genuity Group also increased its target price for Zegona from GBX 825 to GBX 980, maintaining a "buy" rating.
• Zegona Communications' stock recently opened at GBX 946.60 ($12.58) and has a market cap of £8.77 billion, highlighting its significant presence in the European TMT sector.

Zegona Communications (LON:ZEG - Get Free Report)'s stock had its "buy" rating reiterated by Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, MarketBeat.com reports. They currently have a GBX 1,030 ($13.85) target price on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 3.62% from the stock's previous close.

Separately, Canaccord Genuity Group boosted their price target on Zegona Communications from GBX 825 ($11.09) to GBX 980 ($13.18) and gave the company a "buy" rating in a report on Monday, July 21st.

Zegona Communications Price Performance

ZEG traded up GBX 8 ($0.11) during trading on Tuesday, reaching GBX 994 ($13.37). The company had a trading volume of 504,637 shares, compared to its average volume of 486,400. The company has a market cap of £9.21 billion, a P/E ratio of -82.42 and a beta of 2.80. Zegona Communications has a 12 month low of GBX 292 ($3.93) and a 12 month high of GBX 1,025 ($13.78). The business's fifty day moving average price is GBX 764.35 and its 200 day moving average price is GBX 659.04.

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.