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Zegona Communications (LON:ZEG) Reaches New 1-Year High - Still a Buy?

Written by MarketBeat
September 13, 2025
Zegona Communications logo with Communication Services background

Key Points

  • Zegona Communications reached a new 52-week high of GBX 1,220 during trading on Thursday, reflecting a strong market performance with over 597,000 shares traded.
  • Analysts from Deutsche Bank, Canaccord Genuity, and Berenberg Bank have increased their price targets for Zegona Communications, indicating a consensus rating of "Buy" and an average price target of GBX 1,293.33.
  • The company, with a market capitalization of £9.34 billion, employs a "Buy-Fix-Sell" strategy to acquire businesses in the European TMT sector, aiming to deliver attractive returns to shareholders.
  • Five stocks to consider instead of Zegona Communications.

Shares of Zegona Communications plc (LON:ZEG - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 1,220 ($16.55) and last traded at GBX 1,210 ($16.41), with a volume of 597226 shares changing hands. The stock had previously closed at GBX 1,200 ($16.28).

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ZEG shares. Berenberg Bank lifted their price target on shares of 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 boosted their target price on shares of Zegona Communications from GBX 1,030 to GBX 1,550 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Canaccord Genuity Group boosted their target price on shares of Zegona Communications from GBX 825 to GBX 980 and gave the stock a "buy" rating in a research report on Monday, July 21st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 1,293.33.

Get Our Latest Stock Report on ZEG

Zegona Communications Price Performance

The business's 50-day moving average price is GBX 983.77 and its 200 day moving average price is GBX 774.50. The firm has a market capitalization of £9.30 billion, a price-to-earnings ratio of 11,136.36 and a beta of 2.80.

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

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