Canaccord Genuity Group reaffirmed their buy rating on shares of Zegona Communications (LON:ZEG – Free Report) in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a GBX 825 ($10.40) price target on the stock.
Zegona Communications Trading Down 1.7 %
LON:ZEG opened at GBX 565 ($7.12) on Tuesday. The company has a market capitalization of £5.24 billion, a P/E ratio of -46.85 and a beta of 2.80. Zegona Communications has a 12 month low of GBX 194 ($2.45) and a 12 month high of GBX 595 ($7.50). The business’s 50-day moving average is GBX 461.44 and its 200 day moving average is GBX 383.38.
Insider Buying and Selling
In related news, insider Richard Williams acquired 12,363 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of GBX 404 ($5.09) per share, for a total transaction of £49,946.52 ($62,952.51). Also, insider Ashley G. Martin acquired 12,750 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of GBX 330 ($4.16) per share, for a total transaction of £42,075 ($53,031.26). 74.68% of the stock is owned by company insiders.
About Zegona Communications
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.
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