Zegona Communications’ (ZEG) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Zegona Communications (LON:ZEG) in a report issued on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 2,500 target price on the stock.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 2,300 target price on shares of Zegona Communications in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Zegona Communications has an average rating of “Buy” and a consensus price target of GBX 2,116.67.

Zegona Communications Trading Up 0.4%

Zegona Communications stock opened at GBX 1,521.37 on Wednesday. The company has a debt-to-equity ratio of 592.64, a current ratio of 0.70 and a quick ratio of 6.23. Zegona Communications has a one year low of GBX 722 and a one year high of GBX 1,962. The stock has a market capitalization of £3.43 billion, a PE ratio of -50.71 and a beta of 3.43. The business’s fifty day moving average is GBX 1,692.77 and its 200 day moving average is GBX 1,673.61.

Insider Transactions at Zegona Communications

In other news, insider Suzi Williams bought 1,632 shares of the company’s stock in a transaction on Monday, June 29th. The shares were acquired at an average cost of GBX 1,716 per share, with a total value of £28,005.12. Insiders own 41.79% of the company’s stock.

About Zegona Communications

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.