Zegona Communications plc (LON:ZEG - Get Free Report)'s stock price fell 12.2% on Tuesday . The company traded as low as GBX 603.44 ($8.14) and last traded at GBX 648 ($8.75). 7,430,012 shares traded hands during trading, an increase of 1,131% from the average session volume of 603,476 shares. The stock had previously closed at GBX 738 ($9.96).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 825 ($11.14) price target on shares of Zegona Communications in a research note on Tuesday, February 25th.
Get Our Latest Stock Analysis on Zegona Communications
Zegona Communications Price Performance
The business's 50-day moving average is GBX 656.39 and its two-hundred day moving average is GBX 517.17. The firm has a market cap of £6.44 billion, a P/E ratio of -57.57 and a beta of 2.80.
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.
Further Reading
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