Zegona Communications plc (LON:ZEG - Get Free Report)'s stock price dropped 10% on Tuesday . The company traded as low as GBX 574 ($7.75) and last traded at GBX 664 ($8.96). Approximately 2,733,301 shares were traded during trading, an increase of 391% from the average daily volume of 556,508 shares. The stock had previously closed at GBX 738 ($9.96).
Analyst Ratings Changes
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 825 ($11.14) price target on shares of Zegona Communications in a report on Tuesday, February 25th.
Read Our Latest Research Report on Zegona Communications
Zegona Communications Stock Performance
The stock has a market cap of £6.40 billion, a PE ratio of -57.21 and a beta of 2.80. The business has a 50-day moving average of GBX 656.37 and a 200 day moving average of GBX 519.85.
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.
Read More
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
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
