Zegona Communications (LON:ZEG - Get Free Report) had its price objective upped by analysts at Canaccord Genuity Group from GBX 825 ($11.07) to GBX 980 ($13.15) in a research note issued on Monday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 28.61% from the stock's current price.
Zegona Communications Stock Up 3.5%
LON:ZEG opened at GBX 762 ($10.22) on Monday. The firm has a market capitalization of £7.06 billion, a price-to-earnings ratio of -63.18 and a beta of 2.80. Zegona Communications has a twelve month low of GBX 258 ($3.46) and a twelve month high of GBX 794 ($10.65). The stock's 50 day moving average price is GBX 716.46 and its two-hundred day moving average price is GBX 617.58.
Zegona Communications Company Profile
(
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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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