Berenberg Bank Reaffirms “Buy” Rating for Zegona Communications (LON:ZEG)

Zegona Communications (LON:ZEG)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 2,300 target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 29.94% from the stock’s previous close.

Zegona Communications Stock Down 0.7%

Zegona Communications stock opened at GBX 1,770 on Tuesday. The firm has a market cap of £4.00 billion, a PE ratio of 160.91 and a beta of 3.42. The company has a debt-to-equity ratio of 608.59, a quick ratio of 6.23 and a current ratio of 0.58. The firm’s 50 day moving average price is GBX 1,783.08 and its two-hundred day moving average price is GBX 1,642.98. Zegona Communications has a twelve month low of GBX 678 and a twelve month high of GBX 1,962.

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.