Shares of Zegona Communications plc (LON:ZEG - Get Free Report) were down 10% on Wednesday . The stock traded as low as GBX 574 ($7.73) and last traded at GBX 664 ($8.94). Approximately 2,733,301 shares traded hands 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).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 825 ($11.10) price target on shares of Zegona Communications in a report on Tuesday, February 25th.
Get Our Latest Research Report on Zegona Communications
Zegona Communications Price Performance
The stock has a market capitalization of £6.40 billion, a PE ratio of -57.21 and a beta of 2.80. The stock's 50 day simple moving average is GBX 656.17 and its two-hundred day simple moving average is GBX 525.54.
Zegona Communications Company Profile
(
Get Free Report)
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
Before you consider Zegona Communications, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zegona Communications wasn't on the list.
While Zegona Communications currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for June 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.