Zegona Communications (LON:ZEG) Reaches New 12-Month High at $300.00

Shares of Zegona Communications plc (LON:ZEG) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 300 ($3.88) and last traded at GBX 300 ($3.88), with a volume of 1629437 shares changing hands. The stock had previously closed at GBX 272 ($3.52).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 450 ($5.82) price target on shares of Zegona Communications in a research report on Tuesday, May 14th.

Zegona Communications Stock Up 16.9 %

The stock has a 50-day moving average of GBX 262.77 and a 200 day moving average of GBX 231.29. The company has a quick ratio of 6.23, a current ratio of 67.85 and a debt-to-equity ratio of 4.22. The company has a market capitalization of £2.24 billion, a PE ratio of -2,446.15 and a beta of 2.67.

About Zegona Communications

Zegona Communications plc engages in investing in telecommunications, media, and technology businesses in Europe. The company was incorporated in 2015 and is based in London, the United Kingdom.