Zegona Communications plc (LON:ZEG - Get Free Report) traded down 9.8% during trading on Tuesday . The company traded as low as GBX 603.44 ($8.13) and last traded at GBX 666 ($8.97). 7,008,065 shares changed hands during mid-day trading, an increase of 1,069% from the average session volume of 599,256 shares. The stock had previously closed at GBX 738 ($9.94).
Analyst Ratings Changes
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 825 ($11.11) price objective on shares of Zegona Communications in a report on Tuesday, February 25th.
View Our Latest Stock Analysis on ZEG
Zegona Communications Stock Up 0.6%
The firm has a market cap of £6.19 billion, a price-to-earnings ratio of -55.39 and a beta of 2.80. The firm has a fifty day moving average price of GBX 657.13 and a 200-day moving average price of GBX 516.12.
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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