Zegona Communications (LON:ZEG) Insider Suzi Williams Acquires 1,632 Shares

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

Zegona Communications Trading Down 4.0%

Shares of Zegona Communications stock opened at GBX 1,528 on Wednesday. Zegona Communications plc has a 52-week low of GBX 694 and a 52-week high of GBX 1,962. The stock’s 50-day simple moving average is GBX 1,765.76 and its 200 day simple moving average is GBX 1,663.23. The stock has a market capitalization of £3.46 billion, a P/E ratio of 138.91 and a beta of 3.42. The company has a debt-to-equity ratio of 619.81, a quick ratio of 6.23 and a current ratio of 0.69.

Analyst Ratings Changes

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

Zegona Communications Company Profile

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.