Zegona Communications (LON:ZEG) Hits New 1-Year High at $248.00

Shares of Zegona Communications plc (LON:ZEG) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 248 ($3.09) and last traded at GBX 248 ($3.09), with a volume of 8135 shares. The stock had previously closed at GBX 242 ($3.01).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price on shares of Zegona Communications from GBX 80 ($1.00) to GBX 450 ($5.60) and gave the company a “buy” rating in a research report on Wednesday, February 7th.

Zegona Communications Price Performance

The company has a current ratio of 13.32, a quick ratio of 6.23 and a debt-to-equity ratio of 4.22. The firm has a market cap of £1.69 billion, a PE ratio of -480.00 and a beta of 2.68. The business’s 50-day simple moving average is GBX 222.72 and its 200 day simple moving average is GBX 155.46.

Zegona Communications Company Profile

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.