Zegona Communications PLC (LON:ZEG)‘s stock had its “outperform” rating reissued by Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 150 ($1.86) price objective on the stock. Macquarie’s price objective points to a potential upside of 17.65% from the stock’s current price.

Zegona Communications PLC (LON:ZEG) opened at 125.00 on Monday. The stock’s 50 day moving average is GBX 122.26 and its 200 day moving average is GBX 117.02. The stock’s market capitalization is GBX 245.06 million. Zegona Communications PLC has a 12-month low of GBX 98.50 and a 12-month high of GBX 138.50.

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In other Zegona Communications PLC news, insider O’Hare,Eamonn acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were acquired at an average cost of GBX 105 ($1.30) per share, for a total transaction of £105,000 ($130,256.79). Also, insider Kalika,Howard acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average price of GBX 103 ($1.28) per share, for a total transaction of £15,450 ($19,166.36).

Zegona Communications PLC Company Profile

Zegona Communications plc is a United Kingdom-based company focusing on network-based communications and entertainment opportunities. The Company’s segments include Telecable Group and Central Costs. The Telecable Group represents the operational side of telecommunications business of the Company, whereas the Central Costs Segment incorporates the remaining subsidiaries, which represent the administrative segment of the Company and are mainly cost bearing entities and holding companies.

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