Zegona Communications (LON:ZEG) Hits New 1-Year High Following Analyst Upgrade

Zegona Communications plc (LON:ZEG - Get Free Report)'s share price 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 ($10.65) and last traded at GBX 768 ($10.30), with a volume of 308716 shares. The stock had previously closed at GBX 736 ($9.87).

Zegona Communications Trading Up 4.3%

The business has a 50 day moving average of GBX 716.46 and a 200-day moving average of GBX 617.58. The firm has a market capitalization of £7.12 billion, a P/E ratio of -63.68 and a beta of 2.80.

Zegona Communications Company Profile

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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