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The latest announcement is out from Zegona Communications ( (GB:ZEG) ).
Zegona Communications has repurchased 153,000 of its own ordinary shares under its previously announced share buyback programme, at a volume-weighted average price of 1,618.20 pence, and will cancel these shares, reducing its total shares in issue and voting rights to 233,370,302. The move forms part of the company’s capital management strategy, potentially enhancing earnings per share and signalling confidence in its valuation to investors, while also updating shareholders on the new denominator for regulatory disclosure of voting interests.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1725.00 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 is a London-listed investment company focused on the European telecommunications, media and technology sector, aiming to acquire and improve underperforming assets to generate superior shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the company expanded its footprint in 2024 with the acquisition of Vodafone Spain, reinforcing its role as an active consolidator and operator in the regional telecoms market.
Average Trading Volume: 587,851
Technical Sentiment Signal: Buy
Current Market Cap: £3.72B
See more insights into ZEG stock on TipRanks’ Stock Analysis page.