Zegona Communications plc (LON:ZEG – Get Free Report)’s stock price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 1,742.91 and traded as low as GBX 1,704. Zegona Communications shares last traded at GBX 1,731.70, with a volume of 34,318,477 shares.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on ZEG shares. Deutsche Bank reissued a “buy” rating and set a GBX 2,200 target price on shares of Zegona Communications in a report on Thursday, August 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,300 price target on shares of Zegona Communications in a report on Monday, November 9th. Finally, Canaccord Genuity Group lowered their price target on shares of Zegona Communications from GBX 2,500 to GBX 2,450 and set a “buy” rating on the stock in a report on Thursday, September 17th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Zegona Communications currently has a consensus rating of “Buy” and an average target price of GBX 2,316.67.
View Our Latest Stock Report on ZEG
Zegona Communications Price Performance
The stock has a market capitalization of £3.88 billion, a price-to-earnings ratio of -57.72 and a beta of 3.39. The stock has a 50-day moving average price of GBX 1,742.91 and a 200 day moving average price of GBX 1,689.37. The company has a current ratio of 0.70, a quick ratio of 6.23 and a debt-to-equity ratio of 592.64.
About Zegona Communications
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.
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