Canaccord Genuity Group Has Lowered Expectations for Zegona Communications (LON:ZEG) Stock Price

Zegona Communications (LON:ZEG - Free Report) had its target price reduced by Canaccord Genuity Group from GBX 945 ($11.79) to GBX 825 ($10.29) in a research report report published on Tuesday, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

Zegona Communications Trading Up 0.5 %

Shares of ZEG traded up GBX 2 ($0.02) during midday trading on Tuesday, hitting GBX 424 ($5.29). 817,487 shares of the stock were exchanged, compared to its average volume of 696,387. The company has a debt-to-equity ratio of 4.22, a quick ratio of 6.23 and a current ratio of 67.85. The firm has a market cap of £2.99 billion, a P/E ratio of 4,711.11 and a beta of 2.80. Zegona Communications has a 52-week low of GBX 174 ($2.17) and a 52-week high of GBX 436 ($5.44). The stock has a fifty day simple moving average of GBX 344.78 and a 200 day simple moving average of GBX 333.39.

Insider Transactions at Zegona Communications

In other Zegona Communications news, insider Ashley G. Martin purchased 12,750 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of GBX 330 ($4.12) per share, with a total value of £42,075 ($52,488.77). Corporate insiders own 74.68% of the company's stock.

Zegona Communications Company Profile

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.