Shares of Zegona Communications plc (LON:ZEG – Get Free Report) reached a new 52-week high during trading on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 825 to GBX 980. Canaccord Genuity Group currently has a buy rating on the stock. Zegona Communications traded as high as GBX 794 ($10.70) and last traded at GBX 768 ($10.35), with a volume of 308716 shares changing hands. The stock had previously closed at GBX 736 ($9.92).
Zegona Communications Price Performance
The company’s fifty day simple moving average is GBX 716.46 and its two-hundred day simple moving average is GBX 617.58. The stock has a market cap of £7.12 billion, a price-to-earnings ratio of -63.68 and a beta of 2.80.
About Zegona Communications
The first acquisition made by Zegona was of Asturian telecommunications operator Telecable in 2015.
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