Zegona Cancels 130,000 Shares Under Ongoing Buyback Programme

Zegona Communications ( (GB:ZEG) ) has provided an update.

Zegona Communications has repurchased 130,000 of its ordinary shares at a volume-weighted average price of 1,494.76 pence under its previously announced share buyback programme, and intends to cancel the shares. Following this cancellation, Zegona will have 234,231,302 ordinary shares in issue, which will become the new total number of voting rights and relevant denominator for shareholders assessing disclosure obligations under UK transparency rules.

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, seeking to acquire and improve underperforming assets to generate attractive shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the company expanded its footprint in 2024 through 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

For a thorough assessment of ZEG stock, go to TipRanks’ Stock Analysis page.