Zegona Cancels Newly Repurchased Shares as Buyback Programme Progresses

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

Zegona Communications has continued to execute its share buyback programme, repurchasing 75,000 ordinary shares on 27 January 2026 at a volume-weighted average price of 1,598.62 pence per share through Canaccord Genuity. The company intends to cancel these shares, reducing the total number of shares and voting rights in issue to 233,015,302, a move that marginally enhances earnings per share and may support shareholder value while providing an updated denominator for investors’ regulatory disclosure calculations under UK market transparency rules.

The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1704.00 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. Founded in 2015 and led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson, Zegona expanded its portfolio in 2024 with the acquisition of Vodafone Spain, reinforcing its presence in the European telecoms 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.