Zegona Communications plc (LON:ZEG - Get Free Report) shares dropped 20.3% on Tuesday . The stock traded as low as GBX 574 ($7.72) and last traded at GBX 588 ($7.91). Approximately 8,353,856 shares were traded during trading, an increase of 1,263% from the average daily volume of 612,714 shares. The stock had previously closed at GBX 738 ($9.93).
Analysts Set New Price Targets
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 Research Report on ZEG
Zegona Communications Stock Performance
The firm has a market cap of £6.40 billion, a PE ratio of -57.21 and a beta of 2.80. The firm has a 50 day moving average price of GBX 656.17 and a 200-day moving average price of GBX 522.48.
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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