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The latest update is out from Zegona Communications ( (GB:ZEG) ).
Zegona Communications has repurchased 75,000 of its own ordinary shares under its ongoing share buyback programme, paying a volume-weighted average price of 1,606.63 pence per share, and will cancel the shares, reducing the total number of shares and voting rights in issue to 232,715,302. The transaction, executed via Canaccord Genuity on the London Stock Exchange, forms part of Zegona’s capital management strategy and is likely to enhance earnings per share and signal confidence in the company’s valuation to shareholders as it continues to integrate and optimise its recently acquired Vodafone Spain business.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1677.00 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. Established in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, the company expanded its operational footprint in 2024 through the acquisition of Vodafone Spain, positioning itself as an active consolidator and value creator in the regional telecoms market.
Average Trading Volume: 591,718
Technical Sentiment Signal: Buy
Current Market Cap: £3.67B
See more data about ZEG stock on TipRanks’ Stock Analysis page.