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Zegona Communications ( (GB:ZEG) ) has provided an announcement.
Zegona Communications has repurchased 152,000 of its own ordinary shares as part of its share buyback program, intending to cancel these shares. This action reduces its total outstanding shares to 758,652,905, potentially boosting shareholder value and aligning with its strategy to optimize performance. The repurchase reflects Zegona’s proactive capital management approach, positioning it as a decisive player in the European telecommunications and media investment landscape.
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, listed on the Main Market of the London Stock Exchange, was established in 2015 to focus on investments in the European Telecommunications, Media, and Technology sectors. Led by former Virgin Media executives, it aims to enhance business performance and deliver strong shareholder returns. The company recently acquired Vodafone Spain in 2024.
Average Trading Volume: 472,468
Technical Sentiment Signal: Buy
Current Market Cap: £10.82B
For detailed information about ZEG stock, go to TipRanks’ Stock Analysis page.