Zegona Communications (LON:ZEG) Price Target Raised to GBX 980

Zegona Communications (LON:ZEGFree Report) had its price target boosted by Canaccord Genuity Group from GBX 825 ($11.21) to GBX 980 ($13.32) in a research report sent to investors on Monday, Marketbeat reports. They currently have a buy rating on the stock.

Zegona Communications Stock Down 1.3%

ZEG stock opened at GBX 774 ($10.52) on Monday. Zegona Communications has a 52-week low of GBX 292 ($3.97) and a 52-week high of GBX 796 ($10.82). The stock has a market cap of £7.17 billion, a price-to-earnings ratio of -64.18 and a beta of 2.80. The business has a fifty day moving average of GBX 723.84 and a two-hundred day moving average of GBX 622.18.

Zegona Communications Company Profile

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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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