Zegona Communications plc (LON:ZEG – Get Free Report) insider Richard Williams acquired 12,363 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average cost of GBX 404 ($4.94) per share, for a total transaction of £49,946.52 ($61,134.05).
Zegona Communications Trading Up 1.5 %
LON:ZEG opened at GBX 402 ($4.92) on Thursday. The stock has a market capitalization of £2.83 billion, a price-to-earnings ratio of 4,466.67 and a beta of 2.80. Zegona Communications plc has a 52 week low of GBX 174 ($2.13) and a 52 week high of GBX 436 ($5.34). The company has a quick ratio of 6.23, a current ratio of 67.85 and a debt-to-equity ratio of 4.22. The firm has a 50 day moving average of GBX 355.76 and a 200 day moving average of GBX 339.99.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reduced their target price on shares of Zegona Communications from GBX 945 ($11.57) to GBX 825 ($10.10) and set a “buy” rating for the company in a report on Tuesday, January 7th.
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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