Macquarie Initiates Coverage on Zegona Communications PLC (ZEG)
Equities research analysts at Macquarie assumed coverage on shares of Zegona Communications PLC (LON:ZEG) in a research report issued on Tuesday. The firm set an “outperform” rating and a GBX 150 ($1.83) price target on the stock. Macquarie’s target price would suggest a potential upside of 30.43% from the company’s current price.
Zegona Communications PLC (LON:ZEG) opened at 115.00 on Tuesday. The firm has a 50-day moving average of GBX 108.64 and a 200 day moving average of GBX 118.66. The stock’s market capitalization is GBX 225.45 million. Zegona Communications PLC has a 12-month low of GBX 98.50 and a 12-month high of GBX 145.00.
The business also recently disclosed a dividend, which was paid on Friday, October 14th. Stockholders of record on Thursday, September 22nd were issued a GBX 2.25 ($0.03) dividend. The ex-dividend date was Thursday, September 22nd. This represents a dividend yield of 2.16%.
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In related news, insider Kalika,Howard acquired 8,850 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average cost of GBX 113 ($1.38) per share, for a total transaction of £10,000.50 ($12,188.30). Also, insider Brangstrup Watts,Mark acquired 3,941,901 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average price of GBX 113 ($1.38) per share, for a total transaction of £4,454,348.13 ($5,428,821.61).
About Zegona Communications PLC
Zegona Communications plc is a United Kingdom-based company focusing on network-based communications and entertainment opportunities. The Company’s segments include Telecable Group and Central Costs. The Telecable Group represents the operational side of telecommunications business of the Company, whereas the Central Costs Segment incorporates the remaining subsidiaries, which represent the administrative segment of the Company and are mainly cost bearing entities and holding companies.
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