Convergenze Concludes Buy-Back Program to Enhance Strategic Flexibility

Convergenze SpA Societa Benefit ( (IT:CVG) ) has provided an update.

Convergenze S.p.A. has concluded its buy-back program, initiated to support share liquidity, efficiently utilize company liquidity, and facilitate strategic operations. The program resulted in the purchase of 171,000 shares, representing 2.281% of the share capital, with a total value of approximately 302,670 Euro. This move is expected to stabilize share prices and support future strategic initiatives.

The most recent analyst rating on (IT:CVG) stock is a Buy with a EUR4.25 price target. To see the full list of analyst forecasts on Convergenze SpA Societa Benefit stock, see the IT:CVG Stock Forecast page.

More about Convergenze SpA Societa Benefit

Convergenze S.p.A. Società Benefit is an integrated technology operator active in the Telecommunications and 100% green Energy sectors, with a nationwide presence in Italy. The company provides internet and fixed-line services and has expanded into the energy sector, trading electricity from renewable sources and natural gas. Established in 2005, Convergenze emphasizes sustainability, innovation, and green mobility, operating as a Società Benefit and B-Corp to promote an inclusive and regenerative economic system.

Average Trading Volume: 14,206

Technical Sentiment Signal: Buy

Current Market Cap: €13.57M

See more insights into CVG stock on TipRanks’ Stock Analysis page.