Zegona Communications’ (ZEG) “Buy” Rating Reiterated at Berenberg Bank

Zegona Communications (LON:ZEG)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 2,300 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 30.90% from the stock’s current price.

Zegona Communications Stock Down 1.4%

Shares of LON:ZEG traded down GBX 25 during midday trading on Monday, reaching GBX 1,757. The company’s stock had a trading volume of 204,347 shares, compared to its average volume of 2,454,461. The company has a quick ratio of 6.23, a current ratio of 0.58 and a debt-to-equity ratio of 608.59. The firm has a 50 day moving average of GBX 1,783.08 and a 200-day moving average of GBX 1,642.98. The firm has a market capitalization of £3.97 billion, a P/E ratio of 159.73 and a beta of 3.42. Zegona Communications has a 12-month low of GBX 678 and a 12-month high of GBX 1,962.

Zegona Communications Company Profile

Zegona is publicly listed on the Main Market of the LSE. It was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson.

In 2024, Zegona completed the acquisition of Vodafone Spain. Vodafone Spain is one of the leading telecoms networks in Spain but following shifts in customer sentiment, Zegona believes the future of the business lies in right-sizing the cost and capex base in the business to the local market context, operating the assets more efficiently and driving value for money service propositions.