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An update from Zegona Communications ( (GB:ZEG) ) is now available.
Zegona Communications PLC has executed a share buyback program, purchasing 134,000 of its ordinary shares at a volume-weighted average price of 1459.22 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 758,950,905, which will also be the new total number of voting rights. This move is part of Zegona’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £18.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
More about Zegona Communications
Zegona Communications PLC is a publicly listed company on the Main Market of the London Stock Exchange, established in 2015. The company focuses on investing in businesses within the European Telecommunications, Media, and Technology sector, aiming to enhance their performance for attractive shareholder returns. It is led by former Virgin Media executives Eamonn O’Hare and Robert Samuelson. In 2024, Zegona completed the acquisition of Vodafone Spain.
Average Trading Volume: 454,489
Technical Sentiment Signal: Buy
Current Market Cap: £10.97B
For detailed information about ZEG stock, go to TipRanks’ Stock Analysis page.