Zegona Cancels 180,000 Shares Under Ongoing Buyback Programme

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

Zegona Communications has continued its share buyback programme, repurchasing 180,000 ordinary shares at a volume-weighted average price of 1,620.66 pence per share through Canaccord Genuity. The company intends to cancel these shares, reducing the number of shares in issue and voting rights to 233,090,302, a move that may enhance earnings per share and consolidate existing shareholders’ stakes while setting a new reference point for disclosure thresholds under UK transparency rules.

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 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, Zegona expanded its telecoms footprint in 2024 with the acquisition of Vodafone Spain, strengthening its presence in the European communications market.

Average Trading Volume: 596,625

Technical Sentiment Signal: Buy

Current Market Cap: £3.78B

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