Zegona Communications (LON:ZEG) Insider Purchases 1,632 Shares of Stock

Zegona Communications plc (LON:ZEG) insider Suzi Williams bought 1,632 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were acquired at an average cost of GBX 1,716 per share, with a total value of £28,005.12.

Zegona Communications Trading Down 4.0%

LON ZEG opened at GBX 1,528 on Wednesday. The business’s fifty day moving average is GBX 1,765.76 and its 200-day moving average is GBX 1,663.23. The company has a debt-to-equity ratio of 619.81, a current ratio of 0.69 and a quick ratio of 6.23. The stock has a market capitalization of £3.46 billion, a price-to-earnings ratio of 138.91 and a beta of 3.42. Zegona Communications plc has a one year low of GBX 694 and a one year high of GBX 1,962.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,300 price objective on shares of Zegona Communications in a research report on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 2,000.

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.