Zegona Cancels 80,000 Shares After Latest Buyback Transaction

Zegona Communications ( (GB:ZEG) ) just unveiled an update.

Zegona Communications has repurchased 80,000 of its own ordinary shares on 5 January 2026 under its ongoing buyback programme, at a volume-weighted average price of 1,348.42 pence per share, and will cancel the shares, reducing its share count and total voting rights to 757,982,905. The move continues the company’s capital management strategy and modestly enhances remaining shareholders’ proportional ownership and voting power, providing a signal of confidence in the business following its recent expansion via the Vodafone Spain acquisition.

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 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 and improve underperforming assets to generate attractive shareholder returns, and in 2024 it completed the acquisition of Vodafone Spain.

Average Trading Volume: 473,754

Technical Sentiment Signal: Buy

Current Market Cap: £10.23B

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