Zegona Cancels 170,000 Shares After Latest Buyback Tranche

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

Zegona Communications has repurchased 170,000 of its own ordinary shares as part of its ongoing share buyback programme, at a volume-weighted average price of 1,563.95 pence per share, and plans to cancel these shares. Following the cancellation, Zegona’s share capital will consist of 234,061,302 ordinary shares, which will also represent the total voting rights in the company, affecting how shareholders calculate disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1613.00 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 acquiring and improving businesses in the European telecommunications, media and technology sector to generate attractive shareholder returns. Led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the company expanded its presence in 2024 by completing the acquisition of Vodafone Spain, strengthening its position in the European telecom market.

Average Trading Volume: 525,868

Technical Sentiment Signal: Buy

Current Market Cap: £3.47B

For detailed information about ZEG stock, go to TipRanks’ Stock Analysis page.