Zegona Communications plc (LON:ZEG - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 630 ($8.13) and last traded at GBX 625 ($8.07), with a volume of 1051029 shares. The stock had previously closed at GBX 600 ($7.75).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 825 ($10.65) price target on shares of Zegona Communications in a research note on Tuesday, February 25th.
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Zegona Communications Trading Up 2.9 %
The business's 50-day moving average price is GBX 524.32 and its 200-day moving average price is GBX 410.28. The stock has a market cap of £6.54 billion, a PE ratio of -58.46 and a beta of 2.80.
Insiders Place Their Bets
In related news, insider Richard Williams acquired 12,363 shares of Zegona Communications stock in a transaction on Monday, January 13th. The stock was bought at an average cost of GBX 404 ($5.22) per share, for a total transaction of £49,946.52 ($64,488.73). 74.68% of the stock is owned by insiders.
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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