Zegona Communications (LON:ZEG) Given Buy Rating at Berenberg Bank

Zegona Communications (LON:ZEG)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Monday, Digital Look reports. They presently have a GBX 2,300 price objective on the stock. Berenberg Bank‘s price objective points to a potential upside of 31.93% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,200 target price on shares of Zegona Communications in a research report on Thursday, August 13th. Canaccord Genuity Group decreased their price target on shares of Zegona Communications from GBX 2,500 to GBX 2,450 and set a “buy” rating for the company in a research note on Thursday, September 17th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 2,316.67.

Zegona Communications Price Performance

Zegona Communications stock opened at GBX 1,743.34 on Monday. The stock has a market capitalization of £3.90 billion, a price-to-earnings ratio of -58.11 and a beta of 3.39. Zegona Communications has a 52-week low of GBX 1,145 and a 52-week high of GBX 1,962. The company has a debt-to-equity ratio of 592.64, a quick ratio of 6.23 and a current ratio of 0.70. The stock’s 50 day moving average price is GBX 1,729.03 and its two-hundred day moving average price is GBX 1,685.86.

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.