JPMorgan Chase & Co. Reiterates “Neutral” Rating for Zegona Communications PLC (ZEG)

JPMorgan Chase & Co. restated their neutral rating on shares of Zegona Communications PLC (LON:ZEG) in a research report sent to investors on Friday, April 21st. The firm currently has a GBX 156 ($2.01) target price on the stock.

Separately, Macquarie restated an outperform rating and issued a GBX 150 ($1.94) price target on shares of Zegona Communications PLC in a research note on Monday, January 30th.

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In other news, insider Murray Scott acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average cost of GBX 158 ($2.04) per share, with a total value of £15,800 ($20,394.99). Also, insider Ashley G. Martin acquired 12,578 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average cost of GBX 157 ($2.03) per share, for a total transaction of £19,747.46 ($25,490.46). Insiders acquired a total of 42,578 shares of company stock valued at $6,734,746 over the last 90 days.

About Zegona Communications PLC

Zegona Communications plc is a United Kingdom-based company focusing on network-based communications and entertainment opportunities. The Company’s segments include Telecable Group and Central Costs. 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.

12 Month Chart for LON:ZEG

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