Macquarie restated their outperform rating on shares of Zegona Communications PLC (LON:ZEG) in a report published on Monday morning. The brokerage currently has a GBX 150 ($1.86) price target on the stock.

Zegona Communications PLC (LON:ZEG) opened at 127.00 on Monday. Zegona Communications PLC has a 52 week low of GBX 98.50 and a 52 week high of GBX 138.50. The stock’s market cap is GBX 248.98 million. The firm’s 50 day moving average price is GBX 122.26 and its 200-day moving average price is GBX 117.02.

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In related news, insider Kalika,Howard acquired 15,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were acquired at an average price of GBX 103 ($1.28) per share, for a total transaction of £15,450 ($19,166.36). Also, insider O’Hare,Eamonn acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were bought at an average price of GBX 105 ($1.30) per share, for a total transaction of £105,000 ($130,256.79).

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.

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