Zegona Communications plc (LON:ZEG – Get Free Report) shares were down 10% on Tuesday . The company traded as low as GBX 574 ($7.76) and last traded at GBX 664 ($8.97). Approximately 2,733,301 shares changed hands during trading, an increase of 391% from the average daily volume of 556,508 shares. The stock had previously closed at GBX 738 ($9.97).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 825 ($11.15) target price on shares of Zegona Communications in a research report on Tuesday, February 25th.
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Zegona Communications Stock Performance
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.
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