Zegona Communications’ (ZEG) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of Zegona Communications (LON:ZEG) in a research report report published on Thursday,Digital Look reports. They currently have a GBX 2,200 price target on the stock.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 2,500 price target on shares of Zegona Communications in a research note on Wednesday, July 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,300 price objective on shares of Zegona Communications in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 2,333.33.

Zegona Communications Stock Up 2.4%

Shares of ZEG opened at GBX 1,554.64 on Thursday. Zegona Communications has a 1 year low of GBX 1,050 and a 1 year high of GBX 1,962. The company has a debt-to-equity ratio of 592.64, a current ratio of 0.70 and a quick ratio of 6.23. The stock has a 50 day simple moving average of GBX 1,572.01 and a two-hundred day simple moving average of GBX 1,678.08. The firm has a market cap of £3.51 billion, a P/E ratio of -51.82 and a beta of 3.41.

Insider Transactions at Zegona Communications

In related news, insider Suzi Williams purchased 1,632 shares of Zegona Communications stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average cost of GBX 1,716 per share, for a total transaction of £28,005.12. Also, insider Timothy Pennington purchased 6,588 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was bought at an average cost of GBX 15 per share, for a total transaction of £988.20. Insiders own 41.81% of the company’s stock.

Zegona Communications Company Profile

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.