Zegona Communications’ (ZEG) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Zegona Communications (LON:ZEG) in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 1,350 price objective on the stock.

Several other brokerages also recently issued reports on ZEG. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,500 price target on shares of Zegona Communications in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zegona Communications from GBX 1,030 to GBX 1,550 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 1,466.67.

Zegona Communications Price Performance

ZEG stock opened at GBX 1,385.84 on Tuesday. The business has a fifty day moving average price of GBX 1,249.06 and a 200 day moving average price of GBX 1,006.06. Zegona Communications has a fifty-two week low of GBX 308 and a fifty-two week high of GBX 1,425. The stock has a market capitalization of £10.52 billion, a price-to-earnings ratio of 125.99 and a beta of 2.80.

Zegona Communications Company Profile

Zegona is a British company investing strategically across the Europe with the objective of acquiring businesses in the European TMT sector, using a “Buy-Fix-Sell” strategy to deliver attractive shareholder returns.

The first acquisition made by Zegona was of Asturian telecommunications operator Telecable in 2015.