Zegona Communications (LON:ZEG) Hits New 1-Year High – Time to Buy?

Zegona Communications plc (LON:ZEG) shares reached a new 52-week high during trading on Wednesday. The stock traded as high as GBX 1,886 and last traded at GBX 1,874, with a volume of 44,651,766 shares trading hands. The stock had previously closed at GBX 1,800.

Analyst Ratings Changes

A number of research analysts have recently commented on ZEG shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,300 price objective on shares of Zegona Communications in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,200 target price on shares of Zegona Communications in a research report on Thursday, August 13th. Finally, Canaccord Genuity Group lowered their target price on shares of Zegona Communications from GBX 2,500 to GBX 2,450 and set a “buy” rating for the company in a report on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Zegona Communications has a consensus rating of “Buy” and a consensus target price of GBX 2,316.67.

Zegona Communications Stock Up 4.1%

The firm has a market capitalization of £4.22 billion, a PE ratio of -62.47 and a beta of 3.39. The company has a current ratio of 0.70, a quick ratio of 6.23 and a debt-to-equity ratio of 592.64. The firm has a 50-day moving average of GBX 1,719.67 and a two-hundred day moving average of GBX 1,682.50.

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.