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Sinch AB ( (SE:SINCH) ) has provided an update.
Sinch AB’s Board of Directors has resolved to repurchase up to ten percent of its own shares, amounting to 84,493,596 shares, as part of a strategy to optimize the company’s capital and share structure, ultimately aiming to increase shareholder value. The repurchase will be conducted on Nasdaq Stockholm and will adhere to the exchange’s regulations, with the process set to begin on July 23, 2025, and continue until the Annual General Meeting in 2026.
The most recent analyst rating on (SE:SINCH) stock is a Buy with a SEK38.30 price target. To see the full list of analyst forecasts on Sinch AB stock, see the SE:SINCH Stock Forecast page.
More about Sinch AB
Sinch is a leading company in the communication industry, providing a Customer Communications Cloud that enhances customer experience through mobile messaging, voice, and email. Founded in 2008, Sinch has been consistently profitable and is headquartered in Stockholm, Sweden, with its shares traded on Nasdaq Stockholm.
YTD Price Performance: 41.49%
Average Trading Volume: 5,507,712
Current Market Cap: SEK24.77B
Learn more about SINCH stock on TipRanks’ Stock Analysis page.