Richard Williams Acquires 12,363 Shares of Zegona Communications plc (LON:ZEG) Stock

Zegona Communications plc (LON:ZEG) insider Richard Williams acquired 12,363 shares of the business’s stock in a transaction on Monday, January 13th. The shares were bought at an average cost of GBX 404 ($4.94) per share, with a total value of £49,946.52 ($61,134.05).

Zegona Communications Trading Up 1.5 %

Shares of LON ZEG opened at GBX 402 ($4.92) on Thursday. The company has a quick ratio of 6.23, a current ratio of 67.85 and a debt-to-equity ratio of 4.22. The business has a fifty day simple moving average of GBX 355.76 and a two-hundred day simple moving average of GBX 339.99. The firm has a market cap of £2.83 billion, a PE ratio of 4,466.67 and a beta of 2.80. Zegona Communications plc has a twelve month low of GBX 174 ($2.13) and a twelve month high of GBX 436 ($5.34).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price objective on Zegona Communications from GBX 945 ($11.57) to GBX 825 ($10.10) and set a “buy” rating on the stock in a research 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.