Zegona Communications plc (LON:ZEG - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 618.60 ($8.21) and traded as high as GBX 676 ($8.97). Zegona Communications shares last traded at GBX 676 ($8.97), with a volume of 144,559 shares.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 825 ($10.95) target price on shares of Zegona Communications in a research note on Tuesday, February 25th.
View Our Latest Stock Report on Zegona Communications
Zegona Communications Trading Up 6.5 %
The stock has a 50-day simple moving average of GBX 622.90 and a 200 day simple moving average of GBX 474.52. The stock has a market capitalization of £6.34 billion, a price-to-earnings ratio of -56.71 and a beta of 2.80.
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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