Zegona Communications plc (LON:ZEG - Get Free Report)'s share price dropped 10% during trading on Wednesday . The company traded as low as GBX 574 ($7.72) and last traded at GBX 664 ($8.93). Approximately 2,733,301 shares were traded during mid-day trading, an increase of 391% from the average daily volume of 556,508 shares. The stock had previously closed at GBX 738 ($9.93).
Analyst Ratings Changes
Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 825 ($11.10) target price on shares of Zegona Communications in a report on Tuesday, February 25th.
Check Out Our Latest Analysis on Zegona Communications
Zegona Communications Price Performance
The firm has a market capitalization of £6.40 billion, a P/E ratio of -57.21 and a beta of 2.80. The stock's fifty day simple moving average is GBX 656.37 and its 200 day simple moving average is GBX 519.85.
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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