Key Points
- Insider purchase: Timothy Pennington bought 6,588 Zegona Communications shares at GBX 15 each, for a total investment of £988.20.
- Stock performance: Zegona opened at GBX 1,520, below its 50-day and 200-day moving averages, with a 52-week range of GBX 984 to GBX 1,962 and a market capitalization of £3.43 billion.
- Analyst outlook: All three covering analysts rate the stock a “Buy,” with an average price target of GBX 2,116.67; Canaccord Genuity and Berenberg set targets of GBX 2,500 and GBX 2,300, respectively.
Zegona Communications plc (LON:ZEG - Get Free Report) insider Timothy Pennington acquired 6,588 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of GBX 15 per share, with a total value of £988.20.
Zegona Communications Price Performance
Zegona Communications stock opened at GBX 1,520 on Friday. The business's fifty day moving average is GBX 1,603.04 and its two-hundred day moving average is GBX 1,681.91. The company has a debt-to-equity ratio of 592.64, a quick ratio of 6.23 and a current ratio of 0.70. The firm has a market cap of £3.43 billion, a P/E ratio of -50.67 and a beta of 3.43. Zegona Communications plc has a 52 week low of GBX 984 and a 52 week high of GBX 1,962.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Canaccord Genuity Group reissued a "buy" rating and set a GBX 2,500 price objective on shares of Zegona Communications in a report on Wednesday, July 15th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,300 target price on shares of Zegona Communications in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 2,116.67.
Get Our Latest Analysis on Zegona Communications
Zegona Communications Company Profile
(
Get Free Report)
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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