Zegona Communications (LON:ZEG) Stock Price Down 1.4% - Here's What Happened

Zegona Communications plc (LON:ZEG - Get Free Report) dropped 1.4% on Wednesday . The company traded as low as GBX 716 ($9.78) and last traded at GBX 722 ($9.86). Approximately 155,447 shares were traded during trading, a decline of 70% from the average daily volume of 514,971 shares. The stock had previously closed at GBX 732 ($10.00).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 825 ($11.27) price target on shares of Zegona Communications in a research note on Tuesday, February 25th.

Zegona Communications Stock Down 1.4%

The stock has a market capitalization of £6.69 billion, a P/E ratio of -59.86 and a beta of 2.80. The firm's 50 day simple moving average is GBX 690.04 and its two-hundred day simple moving average is GBX 571.15.

About Zegona Communications

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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