Zegona Communications (LON:ZEG) Hits New 1-Year High – What’s Next?

Zegona Communications plc (LON:ZEG) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 2,025 and last traded at GBX 1,772, with a volume of 468288 shares traded. The stock had previously closed at GBX 1,794.

Zegona Communications Trading Up 0.6%

The business has a fifty day simple moving average of GBX 1,749.70 and a 200-day simple moving average of GBX 1,573.37. The company has a debt-to-equity ratio of 608.59, a quick ratio of 6.23 and a current ratio of 0.58. The firm has a market cap of £4.10 billion, a price-to-earnings ratio of 164.09 and a beta of 3.42.

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.