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 firm’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of GBX 404 ($4.93) per share, with a total value of £49,946.52 ($60,977.32).

Zegona Communications Stock Down 0.5 %

ZEG stock opened at GBX 396 ($4.83) on Wednesday. The company’s 50 day moving average is GBX 354.08 and its 200 day moving average is GBX 339.05. 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 stock has a market cap of £2.79 billion, a price-to-earnings ratio of 4,400.00 and a beta of 2.80. Zegona Communications plc has a 1-year low of GBX 174 ($2.12) and a 1-year high of GBX 436 ($5.32).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on Zegona Communications from GBX 945 ($11.54) to GBX 825 ($10.07) and set a “buy” rating on the stock in a research note 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.