Zegona Communications plc (LON:ZEG - Get Free Report) shares dropped 10% during trading on Tuesday . The stock traded as low as GBX 574 ($7.75) and last traded at GBX 664 ($8.96). Approximately 2,733,301 shares changed hands during mid-day 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 Upgrades and Downgrades
Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 825 ($11.14) price objective on shares of Zegona Communications in a research note on Tuesday, February 25th.
Check Out Our Latest Stock Report on ZEG
Zegona Communications Price Performance
The firm has a 50 day moving average price of GBX 656.37 and a 200 day moving average price of GBX 519.85. The stock has a market cap of £6.40 billion, a PE ratio of -57.21 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.
Recommended Stories
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
