Free Trial
→ The End of Elon Musk…? (From Brownstone Research) (Ad)tc pixel

Zegona Communications (LON:ZEG) Hits New 52-Week High - What's Next?

Written by MarketBeat
Updated August 31, 2025
Zegona Communications logo with Communication Services background

Key Points

  • Zegona Communications shares reached a new 52-week high of GBX 1,220 ($16.41) during trading, with a last traded price of GBX 1,185 ($15.94) and a trading volume of over 2.6 million shares.
  • Analysts have upgraded their price targets for Zegona Communications, with Berenberg Bank setting a target of GBX 1,350 and Deutsche Bank raising theirs to GBX 1,550, all maintaining a "buy" rating.
  • The company has a market cap of £10.80 billion and employs a "Buy-Fix-Sell" strategy focused on acquisitions in the European TMT sector.
  • Five stocks to consider instead of Zegona Communications.

Zegona Communications plc (LON:ZEG - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,220 ($16.48) and last traded at GBX 1,185 ($16.00), with a volume of 2648328 shares changing hands. The stock had previously closed at GBX 1,155 ($15.60).

Analyst Ratings Changes

Several research firms have recently weighed in on ZEG. Berenberg Bank raised their target price on Zegona Communications from GBX 1,000 to GBX 1,350 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft raised their target price on Zegona Communications from GBX 1,030 to GBX 1,550 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, 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 research report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 1,293.33.

View Our Latest Research Report on ZEG

Zegona Communications Price Performance

The stock has a market cap of £8.88 billion, a price-to-earnings ratio of 10,636.36 and a beta of 2.80. The firm has a fifty day moving average of GBX 890.66 and a 200 day moving average of GBX 733.07.

About Zegona Communications

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Zegona Communications Right Now?

Before you consider Zegona Communications, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zegona Communications wasn't on the list.

While Zegona Communications currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover
The Next 7 Blockbuster Stocks for Growth Investors

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.