Zegona Communications (LON:ZEG) Given New GBX 825 Price Target at Canaccord Genuity Group

Zegona Communications (LON:ZEG) had its target price reduced by Canaccord Genuity Group from GBX 945 ($11.79) to GBX 825 ($10.29) in a report published on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Zegona Communications Stock Performance

Shares of ZEG opened at GBX 418 ($5.21) on Tuesday. Zegona Communications has a one year low of GBX 174 ($2.17) and a one year high of GBX 436 ($5.44). The company has a market cap of £2.94 billion, a PE ratio of 4,644.44 and a beta of 2.80. The stock has a 50-day moving average of GBX 344.78 and a 200-day moving average of GBX 333.39. The company has a debt-to-equity ratio of 4.22, a current ratio of 67.85 and a quick ratio of 6.23.

Insider Buying and Selling at Zegona Communications

In other Zegona Communications news, insider Ashley G. Martin acquired 12,750 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of GBX 330 ($4.12) per share, for a total transaction of £42,075 ($52,488.77). 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.