Shares of Zegona Communications plc (LON:ZEG - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 825 to GBX 980. Canaccord Genuity Group currently has a buy rating on the stock. Zegona Communications traded as high as GBX 794 ($10.79) and last traded at GBX 768 ($10.43), with a volume of 308716 shares changing hands. The stock had previously closed at GBX 736 ($10.00).
Zegona Communications Stock Performance
The stock has a market capitalization of £7.17 billion, a price-to-earnings ratio of -64.18 and a beta of 2.80. The stock's 50 day moving average is GBX 723.84 and its two-hundred day moving average is GBX 622.18.
Zegona Communications Company Profile
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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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