Zegona Communications plc (LON:ZEG - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 618.60 ($8.26) and traded as high as GBX 676 ($9.03). Zegona Communications shares last traded at GBX 676 ($9.03), with a volume of 144,559 shares traded.
Analyst Ratings Changes
Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 825 ($11.02) price target on shares of Zegona Communications in a research report on Tuesday, February 25th.
View Our Latest Stock Analysis on ZEG
Zegona Communications Stock Performance
The firm has a market capitalization of £6.45 billion, a PE ratio of -57.71 and a beta of 2.80. The company has a fifty day simple moving average of GBX 627.66 and a two-hundred day simple moving average of GBX 478.26.
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.
Further Reading
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