Shares of Zegona Communications plc (LON:ZEG - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 786.77 ($10.56) and last traded at GBX 786.77 ($10.56), with a volume of 397904 shares trading hands. The stock had previously closed at GBX 730 ($9.80).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 825 ($11.08) price target on shares of Zegona Communications in a report on Tuesday, February 25th.
Check Out Our Latest Stock Report on ZEG
Zegona Communications Stock Performance
The company has a market cap of £7.23 billion, a price-to-earnings ratio of -64.67 and a beta of 2.80. The business has a fifty day moving average price of GBX 674.20 and a 200 day moving average price of GBX 556.27.
About Zegona Communications
(
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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.
Further Reading
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