Zegona Communications plc (LON:ZEG - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as GBX 906 ($12.03) and last traded at GBX 872 ($11.58), with a volume of 2471660 shares changing hands. The stock had previously closed at GBX 870 ($11.55).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lifted their price objective on Zegona Communications from GBX 825 ($10.95) to GBX 980 ($13.01) and gave the company a "buy" rating in a report on Monday, July 21st.
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Zegona Communications Stock Performance
The stock has a market capitalization of £8.27 billion, a price-to-earnings ratio of -73.94 and a beta of 2.80. The company has a 50-day moving average of GBX 742.12 and a 200-day moving average of GBX 646.68.
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.
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