Zegona Communications plc (LON:ZEG - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as GBX 1,135 ($15.31) and last traded at GBX 1,125 ($15.18), with a volume of 671012 shares. The stock had previously closed at GBX 1,090.79 ($14.72).
Analysts Set New Price Targets
A number of research analysts have recently commented on ZEG shares. Deutsche Bank Aktiengesellschaft increased their price objective on Zegona Communications from GBX 1,030 to GBX 1,550 and gave the company a "buy" rating in a report on Wednesday, August 13th. Canaccord Genuity Group raised their target price on Zegona Communications from GBX 825 to GBX 980 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Berenberg Bank upped their target price on shares of Zegona Communications from GBX 1,000 to GBX 1,350 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 1,293.33.
Get Our Latest Stock Report on Zegona Communications
Zegona Communications Stock Performance
The stock has a market cap of £10.10 billion, a P/E ratio of -90.38 and a beta of 2.80. The firm's 50-day moving average is GBX 824.13 and its two-hundred day moving average is GBX 697.28.
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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