Zegona Communications plc (LON:ZEG - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 439.88 ($5.47) and last traded at GBX 438 ($5.45), with a volume of 1414928 shares traded. The stock had previously closed at GBX 414 ($5.15).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group decreased their price objective on shares of Zegona Communications from GBX 945 ($11.76) to GBX 825 ($10.26) and set a "buy" rating on the stock in a report on Tuesday, January 7th.
Read Our Latest Research Report on ZEG
Zegona Communications Trading Up 3.8 %
The company has a quick ratio of 6.23, a current ratio of 67.85 and a debt-to-equity ratio of 4.22. The company's fifty day moving average price is GBX 379.40 and its two-hundred day moving average price is GBX 352.36. The firm has a market cap of £3.44 billion, a PE ratio of 5,422.22 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 acquired at an average price of GBX 404 ($5.03) per share, for a total transaction of £49,946.52 ($62,137.99). Also, insider Ashley G. Martin bought 12,750 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was bought at an average price of GBX 330 ($4.11) per share, with a total value of £42,075 ($52,345.11). 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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