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Zegona Communications ( (GB:ZEG) ) has shared an announcement.
Zegona Communications announced the repurchase of 152,000 of its ordinary shares at an average price of 1,419.97 pence per share, as part of its ongoing share buyback program. These shares will be canceled, reducing the total shares in circulation to 758,652,905. This action aims to consolidate shareholder value and may impact shareholder voting balances and ownership structures, aligning with the company’s broader financial strategies.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £18.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
More about Zegona Communications
Zegona Communications is a publicly listed company on the London Stock Exchange. Established in 2015, it focuses on investments in the European Telecommunications, Media, and Technology sector, aiming to enhance business performance and generate strong returns for shareholders. The company is led by former Virgin Media executives and acquired Vodafone Spain in 2024.
Average Trading Volume: 472,468
Technical Sentiment Signal: Buy
Current Market Cap: £10.82B
For an in-depth examination of ZEG stock, go to TipRanks’ Overview page.