Analyst Price Target is GBX 637.50
▼ -3.99% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for Zegona Communications in the last 3 months. The average price target is GBX 637.50, with a high forecast of GBX 825 and a low forecast of GBX 450. The average price target represents a -3.99% upside from the last price of GBX 664.
Current Consensus is
Buy
The current consensus among 2 contributing investment analysts is to buy stock in Zegona Communications. This Buy consensus rating has held steady for over two years.
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. Telecable was later sold to Euskaltel in 2017, at which point Zegona acquired a 15% ownership of Euskaltel.
Zegona has subsequently increased its disclosable interest in Euskaltel to over 20%, becoming the largest shareholder in the company. The Directors expect to drive Euskaltel performance improvement, leveraging Zegona's influence at the Euskaltel Board and Strategy Committee.
Zegona's Directors intend to make further acquisitions that they believe could create a combined business with an enterprise value in the range of £1-3 billion.
Zegona was founded in 2015 by Eamonn O'Hare, current CEO, and Robert Samuelson, current COO.
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