Shares of Zegona Communications plc (LON:ZEG - Get Free Report) dropped 11.7% during trading on Tuesday . The stock traded as low as GBX 574 ($7.75) and last traded at GBX 652 ($8.80). Approximately 8,926,221 shares changed hands during trading, an increase of 1,343% from the average daily volume of 618,438 shares. The stock had previously closed at GBX 738 ($9.96).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 825 ($11.14) price target on shares of Zegona Communications in a report on Tuesday, February 25th.
Get Our Latest Stock Report on Zegona Communications
Zegona Communications Stock Performance
The business has a 50 day moving average of GBX 656.39 and a two-hundred day moving average of GBX 517.17. The firm has a market capitalization of £6.44 billion, a price-to-earnings ratio of -57.57 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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