Zegona Cancels 180,000 Shares Under Ongoing Buyback Programme

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

Zegona Communications has repurchased 180,000 of its own ordinary shares as part of its ongoing share buyback programme, executed through Canaccord Genuity at a volume-weighted average price of 1,547.75 pence per share. The company intends to cancel these shares, reducing its share capital to 233,801,302 ordinary shares in issue and voting rights, a move that marginally enhances earnings per share and underlines management’s continuing focus on capital returns and shareholder value following its expansion in the European telecoms market.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1656.00 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 significantly expanded its footprint in 2024 through the acquisition of Vodafone Spain.

Average Trading Volume: 563,297

Technical Sentiment Signal: Buy

Current Market Cap: £3.6B

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