Zegona Communications plc (LON:ZEG) Insider Richard Williams Purchases 12,363 Shares

Zegona Communications plc (LON:ZEG) insider Richard Williams bought 12,363 shares of the stock in a transaction dated Monday, January 13th. The stock was purchased at an average price of GBX 404 ($4.94) per share, with a total value of £49,946.52 ($61,119.09).

Zegona Communications Stock Up 0.5 %

Zegona Communications stock opened at GBX 398 ($4.87) on Tuesday. Zegona Communications plc has a 12 month low of GBX 174 ($2.13) and a 12 month high of GBX 436 ($5.34). The stock has a fifty day simple moving average of GBX 352.40 and a two-hundred day simple moving average of GBX 338.16. The company has a current ratio of 67.85, a quick ratio of 6.23 and a debt-to-equity ratio of 4.22. The firm has a market cap of £2.80 billion, a price-to-earnings ratio of 4,422.22 and a beta of 2.80.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on shares of Zegona Communications from GBX 945 ($11.56) to GBX 825 ($10.10) and set a “buy” rating for the company in a report on Tuesday, January 7th.

About Zegona Communications

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.