Zegona Communications (LON:ZEG) Price Target Raised to GBX 1,500

Zegona Communications (LON:ZEG) had its price objective boosted by Canaccord Genuity Group from GBX 980 to GBX 1,500 in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 13.64% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank boosted their price objective on shares of Zegona Communications from GBX 1,000 to GBX 1,350 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zegona Communications from GBX 1,030 to GBX 1,550 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,466.67.

Zegona Communications Trading Up 1.5%

LON:ZEG opened at GBX 1,320 on Wednesday. Zegona Communications has a 1 year low of GBX 292 and a 1 year high of GBX 1,330. The firm has a 50 day moving average of GBX 1,114.98 and a 200-day moving average of GBX 835.30. The stock has a market capitalization of £10.02 billion, a P/E ratio of 12,000.00 and a beta of 2.80.

Zegona Communications Company Profile

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.