Insider Buying: Zegona Communications plc (LON:ZEG) Insider Buys 12,363 Shares of Stock

Zegona Communications plc (LON:ZEG - Get Free Report) insider Richard Williams bought 12,363 shares of the stock in a transaction on Monday, January 13th. The shares were bought at an average price of GBX 404 ($4.93) per share, for a total transaction of £49,946.52 ($60,977.32).

Zegona Communications Price Performance

LON ZEG traded down GBX 2 ($0.02) on Tuesday, reaching GBX 396 ($4.83). 513,496 shares of the stock traded hands, compared to its average volume of 514,007. Zegona Communications plc has a 12 month low of GBX 174 ($2.12) and a 12 month high of GBX 436 ($5.32). The company has a market cap of £2.79 billion, a price-to-earnings ratio of 4,400.00 and a beta of 2.80. The firm's fifty day simple moving average is GBX 354.08 and its 200 day simple moving average is GBX 339.05. The company has a quick ratio of 6.23, a current ratio of 67.85 and a debt-to-equity ratio of 4.22.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on Zegona Communications from GBX 945 ($11.54) to GBX 825 ($10.07) and set a "buy" rating on the stock in a research report on Tuesday, January 7th.

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.