Shares of Zegona Communications plc (LON:ZEG - Get Free Report) were down 10% on Tuesday . The company traded as low as GBX 574 ($7.73) and last traded at GBX 664 ($8.94). Approximately 2,733,301 shares changed hands during trading, an increase of 391% from the average daily volume of 556,508 shares. The stock had previously closed at GBX 738 ($9.93).
Analyst Ratings Changes
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.
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Zegona Communications Price Performance
The business's 50 day moving average price is GBX 656.17 and its 200-day moving average price is GBX 523.98. The company has a market cap of £6.40 billion, a P/E ratio of -57.21 and a beta of 2.80.
Zegona Communications Company Profile
(
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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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