Rating Flow: 17.19% to Target, Macquarie Maintains Outperform Rating for Zegona Communications Plc (LON:ZEG) Stock

November 28, 2016 - By Linda Rogers

Zegona Communications Plc (LON:ZEG) Rating

Equities researchers at Macquarie have GBX 150.00 PT on Zegona Communications Plc (LON:ZEG). Macquarie’s PT suggests a potential upside of 17.19% from the company’s previous stock close. The rating was shown in an analyst report on 28 November.

Zegona Communications PLC (LON:ZEG) has declined 2.66% since April 29, 2016 and is downtrending. It has underperformed by 8.68% the S&P500.

Zegona Communications plc is a United Kingdom firm focusing on network communications and entertainment opportunities. The company has a market cap of 251.18 million GBP. The Company’s divisions include Telecable Group and Central Costs. It currently has negative earnings. The Telecable Group represents the operational side of telecommunications business of the Company, whereas the Central Costs Segment incorporates the remaining subsidiaries, which represent the administrative segment of the Company and are mainly cost bearing entities and holding companies.

More recent Zegona Communications PLC (LON:ZEG) news were published by: Bloomberg.com which released: “O’Hare’s Zegona to Buy Spain’s Telecable for $705 Million” on July 27, 2015. Also Bloomberg.com published the news titled: “Telia Sells Spanish Unit Yoigo to Masmovil to Refocus on Nordics” on June 21, 2016. Bloomberg.com‘s news article titled: “Zegona Starts Exclusive Talks to Buy TeliaSonera’s Spanish Unit” with publication date: March 18, 2016 was also an interesting one.

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