Zegona Communications plc (LON:ZEG - Get Free Report)'s stock price was down 16.3% on Tuesday . The company traded as low as GBX 603.44 ($8.14) and last traded at GBX 618 ($8.34). Approximately 7,947,422 shares changed hands during trading, an increase of 1,206% from the average daily volume of 608,650 shares. The stock had previously closed at GBX 738 ($9.96).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 825 ($11.14) target price on shares of Zegona Communications in a research report on Tuesday, February 25th.
View Our Latest Research Report on Zegona Communications
Zegona Communications Price Performance
The stock has a market cap of £6.44 billion, a P/E ratio of -57.57 and a beta of 2.80. The company has a fifty day moving average of GBX 656.39 and a 200 day moving average of GBX 517.17.
Zegona Communications Company Profile
(
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
