Zegona Communications (LON:ZEG) Given New GBX 450 Price Target at Canaccord Genuity Group

Zegona Communications (LON:ZEGFree Report) had its target price increased by Canaccord Genuity Group from GBX 80 ($1.00) to GBX 450 ($5.64) in a research report released on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Zegona Communications Trading Up 2.7 %

LON:ZEG opened at GBX 230 ($2.88) on Wednesday. The stock has a market cap of £1.62 billion, a PE ratio of -469.39 and a beta of 2.66. Zegona Communications has a fifty-two week low of GBX 0.30 ($0.00) and a fifty-two week high of GBX 232.16 ($2.91). The company has a debt-to-equity ratio of 4.22, a current ratio of 13.32 and a quick ratio of 6.23. The stock’s 50-day moving average is GBX 181.94 and its two-hundred day moving average is GBX 95.41.

Insider Activity at Zegona Communications

In other Zegona Communications news, insider Richard Williams sold 11,977 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of GBX 167 ($2.09), for a total value of £20,001.59 ($25,074.08). In other news, insider Ashley G. Martin purchased 13,332 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of GBX 150 ($1.88) per share, with a total value of £19,998 ($25,069.58). Also, insider Richard Williams sold 11,977 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of GBX 167 ($2.09), for a total value of £20,001.59 ($25,074.08). 74.62% of the stock is currently owned by insiders.

About Zegona Communications

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Zegona Communications plc engages in investing in telecommunications, media, and technology businesses in Europe. The company was incorporated in 2015 and is based in London, the United Kingdom.

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