Zegona Communications plc (LON:ZEG - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 735 ($9.51) and last traded at GBX 695 ($9.00), with a volume of 463272 shares. The stock had previously closed at GBX 705 ($9.13).
Analyst Ratings Changes
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 825 ($10.68) 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 has a fifty day moving average of GBX 547.90 and a 200-day moving average of GBX 420.27. The stock has a market capitalization of £6.30 billion, a price-to-earnings ratio of -56.38 and a beta of 2.80.
Insider Buying and Selling
In related news, insider Richard Williams bought 12,363 shares of the business's stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of GBX 404 ($5.23) per share, with a total value of £49,946.52 ($64,647.32). Insiders own 74.68% of the company's stock.
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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