Zegona Communications (LON:ZEG) Insider Acquires £988.20 in Stock

Zegona Communications plc (LON:ZEG) insider Timothy Pennington purchased 6,588 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was purchased at an average cost of GBX 15 per share, for a total transaction of £988.20.

Zegona Communications Stock Performance

Shares of ZEG stock opened at GBX 1,516 on Friday. The company has a quick ratio of 6.23, a current ratio of 0.70 and a debt-to-equity ratio of 592.64. Zegona Communications plc has a 12 month low of GBX 984 and a 12 month high of GBX 1,962. The company’s fifty day simple moving average is GBX 1,609.68 and its 200-day simple moving average is GBX 1,683.05. The firm has a market cap of £3.42 billion, a PE ratio of -50.53 and a beta of 3.43.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ZEG shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 2,500 price objective on shares of Zegona Communications in a research report on Wednesday, July 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,300 target price on shares of Zegona Communications in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Zegona Communications has an average rating of “Buy” and a consensus price target of GBX 2,116.67.

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.