Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Zegona Communications ( (GB:ZEG) ) has shared an announcement.
Zegona Communications has repurchased 110,000 of its own ordinary shares under its previously announced share buyback programme, at a volume-weighted average price of 1,305 pence per share, through broker Canaccord Genuity. The company intends to cancel these shares, reducing the number of shares in issue and voting rights outstanding to 758,542,905, a move that may modestly enhance earnings per share and consolidate existing investors’ stakes while providing a new reference figure for regulatory disclosure thresholds.
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 plc is a London-listed investment company focused on the European telecommunications, media and technology sector, aiming to acquire and improve underperforming assets to enhance shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the company expanded its footprint in 2024 by completing the acquisition of Vodafone Spain.
Average Trading Volume: 460,104
Technical Sentiment Signal: Buy
Current Market Cap: £10.62B
Learn more about ZEG stock on TipRanks’ Stock Analysis page.