Zegona Communications plc (LON:ZEG - Get Free Report) shares fell 10% on Tuesday . The stock traded as low as GBX 574 ($7.73) and last traded at GBX 664 ($8.94). 2,733,301 shares changed hands during mid-day trading, an increase of 391% from the average session volume of 556,508 shares. The stock had previously closed at GBX 738 ($9.93).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 825 ($11.10) price objective on shares of Zegona Communications in a report on Tuesday, February 25th.
Read Our Latest Stock Report on ZEG
Zegona Communications Stock Performance
The stock's 50 day moving average is GBX 656.17 and its 200 day moving average is GBX 523.98. The company has a market capitalization of £6.40 billion, a PE ratio of -57.21 and a beta of 2.80.
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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