Berenberg Bank reaffirmed their buy rating on shares of Zegona Communications (LON:ZEG – Free Report) in a report released on Monday,Digital Look reports. Berenberg Bank currently has a GBX 2,300 price target on the stock.
Several other research analysts have also recently commented on the company. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 2,200 target price on shares of Zegona Communications in a research report on Thursday, August 13th. 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 equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 2,316.67.
View Our Latest Stock Report on Zegona Communications
Zegona Communications Stock Performance
ZEG opened at GBX 1,756 on Monday. The stock has a market cap of £3.93 billion, a PE ratio of -58.53 and a beta of 3.39. The company has a current ratio of 0.70, a quick ratio of 6.23 and a debt-to-equity ratio of 592.64. Zegona Communications has a 1 year low of GBX 1,145 and a 1 year high of GBX 1,962. The stock’s 50 day simple moving average is GBX 1,737.04 and its 200-day simple moving average is GBX 1,688.05.
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.
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