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Zegona Communications ( (GB:ZEG) ) has shared an announcement.
Zegona Communications has repurchased 50,000 ordinary shares at a volume-weighted average price of 1,341.5 pence as part of its ongoing share buyback programme and will cancel the stock, reducing its share capital. Following cancellation, the company will have 757,932,905 shares in issue, a change that alters the total number of voting rights and the denominator used by investors for regulatory disclosure thresholds under the UK’s transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1438.00 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. Founded in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, it seeks to acquire underperforming assets and enhance their performance to deliver superior shareholder returns, most recently exemplified by its 2024 acquisition of Vodafone Spain.
Average Trading Volume: 478,884
Technical Sentiment Signal: Buy
Current Market Cap: £10.12B
Learn more about ZEG stock on TipRanks’ Stock Analysis page.