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

Zegona Communications plc (LON:ZEG) insider Richard Williams acquired 12,363 shares of Zegona Communications stock in a transaction dated Monday, January 13th. The stock was purchased 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 Performance

Shares of ZEG opened at GBX 396 ($4.83) on Wednesday. Zegona Communications plc has a one year low of GBX 174 ($2.12) and a one year high of GBX 436 ($5.32). The stock has a 50-day moving average of GBX 354.08 and a two-hundred day moving average of GBX 339.05. The company has a debt-to-equity ratio of 4.22, a quick ratio of 6.23 and a current ratio of 67.85. The stock has a market cap of £2.79 billion, a P/E ratio of 4,400.00 and a beta of 2.80.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price target on shares of Zegona Communications from GBX 945 ($11.54) to GBX 825 ($10.07) and set a “buy” rating on the stock 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.