Zegona Cancels 115,000 Shares Under Ongoing Buyback Programme

The latest update is out from Zegona Communications ( (GB:ZEG) ).

Zegona Communications has repurchased 115,000 of its own ordinary shares as part of its ongoing share buyback programme, at a volume-weighted average price of 1,428.37 pence per share, and will cancel these shares, reducing its share capital to 234,361,302 shares in issue. The move, executed through Canaccord Genuity on the London Stock Exchange, marginally concentrates ownership and voting rights among remaining shareholders and signals continued capital management discipline following Zegona’s recent expansion in the European telecoms market.

The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2150.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.

Spark’s Take on GB:ZEG Stock

According to Spark, TipRanks’ AI Analyst, GB:ZEG is a Neutral.

The score is driven primarily by mixed financials: very strong free cash flow and solid EBITDA profitability, but materially offset by high leverage and ongoing net losses. Technicals are a secondary positive, showing a clear uptrend with supportive momentum. Valuation confidence is limited due to missing P/E and dividend yield data.

To see Spark’s full report on GB:ZEG stock, click here.

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 enhance underperforming assets to generate superior shareholder returns. Established in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, Zegona expanded its portfolio in 2024 with the acquisition of Vodafone Spain, strengthening its presence in the European telecoms market.

Average Trading Volume: 508,142

Technical Sentiment Signal: Buy

Current Market Cap: £3.15B

See more data about ZEG stock on TipRanks’ Stock Analysis page.