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Zegona Communications
(LSE:ZEG)
Zegona Communications (ZEG) vs. iShares MSCI United Kingdom ETF (EWC)
Zegona Communications Business Overview & Revenue Model
Zegona Communications Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Sep 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 302.06M | 2.41B | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 213.64M | 1.95B | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 137.66M | 917.89M | -4.82M | -3.29M | -33.70M | -6.54M |
| Net Income | -59.81M | -351.04M | -15.55M | -3.31M | 79.91M | 13.97M |
Balance Sheet | ||||||
| Total Assets | 7.57B | 8.49B | 1.20B | 10.94M | 16.02M | 345.70M |
| Cash, Cash Equivalents and Short-Term Investments | 112.52M | 207.99M | 4.65M | 5.89M | 10.56M | 22.74M |
| Total Debt | 5.04B | 4.97B | 0.00 | 0.00 | 106.00K | 10.97M |
| Total Liabilities | 6.41B | 7.67B | 17.60M | 402.00K | 1.56M | 13.25M |
| Stockholders Equity | 1.16B | 816.59M | 1.18B | 10.54M | 14.45M | 332.45M |
Cash Flow | ||||||
| Free Cash Flow | 96.32M | 1.01B | -3.93M | -3.92M | -39.18M | -7.07M |
| Operating Cash Flow | 138.56M | 1.14B | -3.93M | -3.92M | -39.14M | -7.06M |
| Investing Cash Flow | -3.76B | -3.31B | -289.76M | 25.00K | 439.51M | 10.14M |
| Financing Cash Flow | 3.73B | 2.34B | 292.29M | -106.00K | -408.77M | -14.95M |
Zegona Communications Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £806.73M | 16.69 | 13.77% | 2.23% | 11.95% | 20.69% | |
69 Neutral | £20.90B | 15.39 | 5.29% | 4.42% | -2.53% | 24.52% | |
63 Neutral | £25.33B | 7.41 | -8.37% | 3.74% | 16.15% | -279.78% | |
63 Neutral | £13.08B | 24.62 | 21.04% | 1.50% | 14.13% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | £3.92B | -16.28 | -10.35% | ― | ― | ― | |
56 Neutral | $1.90B | 58.15 | ― | ― | 4.95% | ― |
Zegona Communications Corporate Events
Zegona Communications has continued its share buyback programme, repurchasing 75,000 ordinary shares on 16 March 2026 through Canaccord Genuity at a volume-weighted average price of 1,703.63 pence. The company plans to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 229,283,802.
The latest repurchase forms part of a wider capital management strategy announced in late 2025 and signals an ongoing effort to return value to shareholders. The reduction in share count may enhance earnings per share and slightly increase existing investors’ proportional ownership, while also affecting thresholds for disclosure under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued executing its share buyback programme by repurchasing 75,000 ordinary shares on 13 March 2026 through Canaccord Genuity at a volume-weighted average price of 1,778.43p. The company plans to cancel these shares, which will reduce the number of shares in issue and adjust the base for calculating shareholder voting rights and regulatory disclosure thresholds.
Following the cancellation, Zegona will have 229,358,802 ordinary shares in issue, which will also represent the total voting rights in the company. The move underscores Zegona’s ongoing capital management strategy after the Vodafone Spain acquisition, potentially enhancing earnings per share and concentrating ownership for remaining investors within the European TMT-focused vehicle.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 300,000 ordinary shares under its ongoing share buyback programme, paying a volume-weighted average price of 1,780.47 pence per share. The company plans to cancel these shares, which will reduce the number of ordinary shares in issue and set the total voting rights at 229,433,802.
The cancellation of shares will slightly concentrate ownership and may enhance metrics such as earnings per share, aligning with Zegona’s strategy of delivering attractive shareholder returns. The detailed disclosure of transaction data meets Market Abuse Regulation requirements and provides transparency for investors monitoring changes in their holdings and voting power.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued its previously announced share buyback programme, repurchasing 172,000 ordinary shares on 11 March 2026 via Canaccord Genuity at a volume-weighted average price of 1,760.53 pence. The company plans to cancel these shares, reducing its share count to 229,733,802 and setting the new baseline for voting rights calculations under UK disclosure rules.
By shrinking its share capital, Zegona is effectively increasing existing investors’ proportional ownership and potentially enhancing earnings per share over time. The move underscores management’s confidence in the company’s valuation and capital structure following the integration of Vodafone Spain, while also aligning with regulatory transparency requirements for shareholders and other market participants.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 125,000 ordinary shares at a volume-weighted average price of 1,772.77 pence as part of its ongoing share buyback programme. The company plans to cancel these shares, reducing the number of shares in issue and aligning its capital structure with shareholder value objectives.
Following the cancellation, Zegona will have 229,905,802 ordinary shares in issue, which will also represent the total voting rights in the company. This updated share count becomes the new reference point for investors and other stakeholders when calculating disclosure thresholds under U.K. transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications disclosed that independent non-executive director Suzi Williams acquired 2,500 ordinary shares in the company at £16.8334 per share on 4 March 2026. Following this purchase, Williams’ total beneficial holding rose to 10,358 shares, equivalent to about 0.0045% of Zegona’s issued share capital, in a transaction reported under UK Market Abuse Regulation requirements.
The director dealing, executed outside a trading venue, represents an investment of approximately £42,083 and signals additional personal financial alignment with Zegona’s shareholders. The notification underscores the company’s compliance with disclosure obligations for persons discharging managerial responsibilities, offering investors greater transparency over insider share dealings as Zegona continues to build its position in the European TMT market.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued to execute its previously announced share buyback programme, repurchasing 290,000 ordinary shares on 6 March 2026 at a volume-weighted average price of 1,708.04 pence through broker Canaccord Genuity. The company plans to cancel these shares, which will reduce the number of ordinary shares and voting rights in issue to 230,225,802, a move that can enhance earnings per share and slightly increase existing investors’ relative ownership stakes, while providing a new reference point for regulatory disclosure thresholds.
By trimming its share count via cancellations rather than holding the stock in treasury, Zegona is signalling confidence in its valuation and capital allocation strategy following its acquisition of Vodafone Spain. The updated share and voting-rights total also offers greater clarity for investors and other market participants who must monitor and report changes in their holdings under UK disclosure and transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has completed AXA’s purchase of a 40% stake in FiberPass, the Spanish fibre joint venture now owned 55% by Telefónica, 40% by AXA and 5% by Vodafone Spain, generating €0.4bn in upfront proceeds for Vodafone Spain. Half of the proceeds will fund a previously announced share buyback, while the other half will be used to cut debt, positioning the business to reduce net debt to about €3.2bn by March 2026 and reinforcing Zegona’s leverage and interest cost reduction targets, which are central to its revamped fixed network strategy in Spain and returns to shareholders.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 275,000 of its own ordinary shares under its ongoing buyback programme, paying a volume-weighted average price of 1,742.48 pence per share through broker Canaccord Genuity. The company plans to cancel these shares, which will reduce the number of ordinary shares and voting rights in issue to 230,515,802, a change that shareholders must use as the new reference point for regulatory disclosure thresholds.
The cancellation of the repurchased shares represents a continued return-of-capital strategy that can enhance earnings per share and signal management’s confidence in the company’s valuation. By tightening its share base following the major acquisition of Vodafone Spain, Zegona is refining its capital structure in a way that may support shareholder value and clarify ownership stakes in line with UK market transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued to execute its share buyback programme, repurchasing 150,000 ordinary shares on 4 March 2026 at a volume-weighted average price of 1,718.52 pence through broker Canaccord Genuity. The company plans to cancel the shares, reducing its share count to 230,790,802 and setting the new baseline for voting rights, which may marginally enhance earnings per share and alter disclosure thresholds for investors under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 175,000 ordinary shares under its ongoing share buyback programme, at a volume-weighted average price of 1,694.07 pence, through broker Canaccord Genuity. The company plans to cancel these shares, which will reduce the number of ordinary shares in issue and set the total voting rights at 230,940,802, a key reference figure for shareholders’ disclosure obligations under UK market rules.
The move tightens Zegona’s share base following its expansion in European telecoms, potentially enhancing earnings per share and signalling management’s confidence in the company’s valuation. By clarifying the new voting rights denominator, the company also provides greater transparency for investors and regulators monitoring substantial holdings and changes in ownership stakes.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 175,000 ordinary shares on 3 March 2026 under its ongoing share buyback programme, at a volume-weighted average price of 1,694.07 pence via Canaccord Genuity. The company plans to cancel these shares, reducing the number of shares in issue and setting the total voting rights at 230,940,802, a move that marginally enhances earnings per share and clarifies the denominator for regulatory disclosure thresholds for investors.
The buyback underscores Zegona’s continued use of capital returns as part of its investor proposition following its acquisition-led strategy in the European TMT sector. By tightening the share count while it integrates major assets such as Vodafone Spain, Zegona signals confidence in its valuation and provides a modest boost to remaining shareholders’ proportional ownership and voting power.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 200,000 of its own ordinary shares at a volume-weighted average price of 1,723.49 pence as part of its ongoing share buyback programme, executed through Canaccord Genuity. The company plans to cancel these shares, reducing the number of ordinary shares in issue and voting rights to 231,115,802, a move that tightens its share capital and may enhance earnings per share while providing a new reference point for investors’ disclosure calculations under U.K. transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has appointed Tim Pennington as an Independent Non-Executive Director with immediate effect, and he will join the Audit Committee now before taking over as its Chair after the current financial year. Pennington brings extensive telecoms and corporate finance experience from senior roles at Millicom, Cable & Wireless, Hutchison Telecom and major investment banks, bolstering Zegona’s governance and financial oversight as it pursues its value-creation strategy following the acquisition of Vodafone Spain.
Chairman and CEO Eamonn O’Hare said Pennington’s deep knowledge of global telecoms and corporate finance will support the board as it continues to execute Zegona’s strategy. The company also confirmed that Pennington currently holds no beneficial interest in Zegona’s ordinary shares, underscoring his independence as he assumes a key role in the firm’s audit and governance framework.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has confirmed that, as of 27 February 2026, its issued share capital consists of 231,562,802 ordinary shares of 1 pence each, with no shares held in treasury, giving a total of 231,562,802 voting rights. This figure will serve as the reference denominator for shareholders and other investors when calculating whether they must disclose new or altered holdings in line with the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, ensuring clarity around ownership thresholds and regulatory reporting obligations.
The announcement provides transparency on Zegona’s capital structure, which is particularly relevant following its expansion in the European telecoms market through the acquisition of Vodafone Spain. By clarifying the exact number of voting rights, the company helps institutional and other significant investors comply with disclosure requirements, supporting orderly market oversight and reinforcing governance standards around changes in substantial shareholdings.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued to execute its share buyback programme, repurchasing 172,000 ordinary shares on 27 February 2026 via Canaccord Genuity at a volume-weighted average price of 1,682.57 pence. The company plans to cancel these shares, reducing the number of ordinary shares in issue and potentially enhancing earnings per share for remaining investors.
Following the cancellation, Zegona will have 231,315,802 ordinary shares in issue, which will also represent the total voting rights in the company. This updated share count becomes the new reference figure for shareholders and other market participants when calculating disclosure thresholds under UK transparency rules, slightly tightening the company’s free float and voting base.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has been promoted into the MSCI United Kingdom Index, which tracks the performance of large and mid cap companies in the UK market. Inclusion in this widely followed benchmark, used by various ETFs and active managers, is likely to raise Zegona’s profile among institutional investors and could support increased liquidity and demand for its shares.
The move into the index follows Zegona’s strategic expansion in European telecoms, including its acquisition of Vodafone Spain, and signals growing market recognition of its scale and relevance. This enhanced index presence may strengthen the company’s industry positioning and potentially lower its cost of capital as it pursues further value-creation opportunities in the TMT sector.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued its share buyback programme by repurchasing 75,000 ordinary shares on 26 February 2026 at a volume‑weighted average price of 1,756.44 pence through Canaccord Genuity. The company plans to cancel these shares, reducing its share count and leaving 231,487,802 ordinary shares in issue, which will also become the new total of voting rights for regulatory disclosure calculations.
The latest transaction underscores Zegona’s ongoing capital management strategy following its expansion via the Vodafone Spain acquisition, signalling confidence in its valuation and a focus on enhancing shareholder value. The reduction in free‑float shares may marginally increase existing investors’ proportional ownership and earnings per share, while providing a clearer base for stakeholders to assess their disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has published debt reporting for Zegona Holdco Limited and its subsidiaries as of 31 December 2025, including key performance indicators for Vodafone Spain and commentary on recent trading. The disclosure, required under its senior financing agreements, highlights ongoing improvements in customer metrics, revenue trends and leverage, and is aimed at informing debt investors about the group’s financial position.
Management reported another strong quarter at Vodafone Spain, with continued gains in customers and products and expectations of revenue stabilisation for full-year 2026. Profitability and cash flow are improving, supported by transformation initiatives and the completion of two FiberCo transactions that unlock €1.8 billion in proceeds to fund a large capital return, debt reduction and lower interest costs.
The group expects cash flow margins above 21% for fiscal 2026, up from 17% last year and more than double pre-acquisition levels. Net debt fell to €3.3 billion at year-end with a path to around €3.2 billion, while recent refinancing at a 4.3% cost of debt underpins Zegona’s target leverage range of 1.5 to 2 times and strengthens its balance sheet.
The FiberPass and PremiumFiber deals are described as pivotal in reshaping Vodafone Spain’s fixed network strategy, providing guaranteed access to a nationwide all-fibre infrastructure on attractive terms. Together with a €1.4 billion special dividend already paid and a €0.2 billion buyback programme, these moves signal a focus on shareholder returns while maintaining prudent gearing and supporting the transformation of Vodafone Spain.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications, the London-listed investor in European telecoms, media and technology assets, continues to build on its buy-and-improve strategy under former Virgin Media executives Eamonn O’Hare and Robert Samuelson. The company, which acquired Vodafone Spain in 2024, focuses on enhancing performance at acquired businesses to drive long-term shareholder returns.
The group has repurchased 75,000 ordinary shares at an average price of 1,851 pence under its ongoing buyback programme and will cancel them, reducing its share count to 231,562,802. The cancellation tightens the company’s equity base and slightly increases each remaining share’s claim on earnings and voting rights, a move that may be seen as a signal of confidence in its valuation and capital allocation discipline.
Following the cancellation, Zegona’s total voting rights will match its reduced share count, clarifying the denominator shareholders should use for regulatory disclosure thresholds. The detailed execution of the trades through London Stock Exchange venues underscores the company’s adherence to market abuse regulations and transparency rules, which is relevant for investors monitoring liquidity and governance standards.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 55,000 ordinary shares at a volume-weighted average price of 1,841.32 pence as part of its ongoing buyback programme, with the transactions executed through Canaccord Genuity. The company plans to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 231,637,802, a move that marginally increases existing shareholders’ proportional ownership and clarifies the new baseline for regulatory disclosure thresholds.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 75,000 ordinary shares at a volume-weighted average price of 1,840 pence as part of its ongoing share buyback programme. The company plans to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 231,692,802, a move that modestly enhances earnings per share and adjusts the denominator used by investors for regulatory disclosure thresholds.
The transactions were executed on the London Stock Exchange by Canaccord Genuity in several trades throughout 23 February 2026. By continuing to return capital through buybacks and shrinking its share base, Zegona underlines its capital management strategy following the Vodafone Spain acquisition, with implications for shareholder value and ownership reporting obligations under UK market regulations.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 75,000 ordinary shares as part of its ongoing share buyback programme, paying a volume-weighted average price of 1,807.21 pence per share. The company plans to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 231,767,802, which will affect how investors calculate regulatory disclosure thresholds.
By shrinking its share capital through cancellations rather than holding shares in treasury, Zegona is returning capital to shareholders while potentially enhancing earnings per share and tightening its free float. The move underscores management’s continued use of buybacks as a capital allocation tool following its expansion in the European telecoms market, notably through the acquisition of Vodafone Spain.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 44,000 of its own ordinary shares as part of its ongoing share buyback programme, paying a volume-weighted average price of 1,787.73 pence per share through broker Canaccord Genuity. The company intends to cancel these shares, which will reduce the number of ordinary shares in issue and voting rights to 231,842,802, providing an updated base for investors’ disclosure calculations under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1847.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued its share buyback programme with the repurchase of 50,000 ordinary shares on 18 February 2026 at a volume-weighted average price of 1,776.63 pence. The company intends to cancel these shares, reducing the number of ordinary shares in issue and setting the new total of voting rights at 231,886,802, a figure shareholders can use when assessing disclosure obligations under UK transparency rules.
The latest buyback transaction, executed through Canaccord Genuity on the London Stock Exchange, forms part of a broader capital management strategy announced in November 2025. By shrinking its share base following the acquisition of Vodafone Spain, Zegona may enhance earnings per share and potentially support its market valuation, while providing clearer visibility for investors monitoring significant holdings and regulatory reporting thresholds.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1736.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued to execute its share buyback programme, repurchasing 68,500 ordinary shares on 17 February 2026 at a volume-weighted average price of 1,682.97 pence through Canaccord Genuity. The company plans to cancel these shares, leaving 231,936,802 ordinary shares in issue and an equivalent number of voting rights.
The move reduces Zegona’s share capital and may enhance earnings per share and capital return metrics for investors, aligning with its strategy to deliver attractive shareholder returns following its expansion in the European telecoms market. The updated voting rights figure also provides a new reference point for shareholders assessing disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2200.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued its share buyback programme by repurchasing 38,000 ordinary shares on 16 February 2026 at a volume‑weighted average price of 1,630.58 pence, with prices ranging between 1,620 and 1,640 pence. The company plans to cancel these shares, reducing the number of shares in issue and voting rights to 232,005,302, a move that may enhance earnings per share and provide clarity for investors monitoring their disclosure obligations under UK transparency rules.
The transactions were executed on the London Stock Exchange through Canaccord Genuity, with detailed trade data disclosed in line with UK Market Abuse Regulation requirements. By progressing with its buyback and subsequent cancellation, Zegona signals confidence in its valuation and capital management strategy following its expansion through the acquisition of Vodafone Spain, potentially strengthening its position in the European telecoms and media investment landscape.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1736.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has announced that the European Commission has cleared AXA’s acquisition of a 40% stake in Spanish fibre joint venture FiberPass, allowing the deal to proceed without a merger notification and complete by the end of March 2026. FiberPass, majority-owned by Telefónica alongside Vodafone Spain, operates fibre-to-the-home infrastructure covering 3.7 million premises and serving 1.4 million customers, underpinning Vodafone Spain’s fixed services strategy.
The transaction will deliver €0.4bn of upfront proceeds to Vodafone Spain, with half earmarked for an existing share buyback programme and the remainder allocated to debt reduction, targeting net debt of about €3.2bn by March 2026. Zegona says the move strengthens its leverage profile, supports a combined FiberPass and PremiumFiber national all-fibre network strategy in Spain, and is expected to materially cut annual interest costs while enhancing returns to shareholders.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1736.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued executing its share buyback programme, repurchasing 75,000 ordinary shares on 13 February 2026 at a volume-weighted average price of 1,632.92 pence. The company plans to cancel these shares, reducing its share count and leaving 232,043,302 ordinary shares in issue, thereby slightly increasing existing investors’ proportional ownership and voting power.
The updated share count also clarifies the new total voting rights figure that shareholders and other market participants must use when assessing disclosure thresholds under UK transparency rules. By shrinking its equity base through buybacks, Zegona signals capital discipline and a focus on enhancing shareholder value as it integrates and develops its European telecoms and media investments, including Vodafone Spain.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1736.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications, a London-listed investor in European telecommunications, media and technology assets, focuses on acquiring and improving businesses to deliver enhanced shareholder returns. Led by former Virgin Media executives and bolstered by its 2024 acquisition of Vodafone Spain, the group has positioned itself as a specialist consolidator in Europe’s telecoms market.
The company has repurchased 75,000 ordinary shares as part of its ongoing share buyback programme, at a volume-weighted average price of 1,669.63 pence, and intends to cancel the shares, reducing its total shares in issue to 232,118,302. The reduction in share count will adjust the total voting rights in the company, refining the denominator for regulatory disclosure thresholds and signaling continued capital management efforts aimed at enhancing shareholder value.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1784.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued its share buyback programme with the repurchase of 72,000 ordinary shares on 11 February 2026 at a volume-weighted average price of 1,677.57 pence. The company intends to cancel these shares, reducing its share count and potentially enhancing earnings per share and capital allocation efficiency for investors.
Following the cancellation, Zegona’s total shares in issue and voting rights will stand at 232,193,302, a figure that investors can now use as the new baseline for regulatory disclosure thresholds. The move underscores the company’s ongoing commitment to returning capital to shareholders and may signal management’s confidence in Zegona’s valuation and strategic direction after its expansion in the European telecoms market.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1784.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 75,000 of its own ordinary shares under its previously announced buyback programme, paying a volume-weighted average price of 1,673.43 pence per share via broker Canaccord Genuity. The company plans to cancel these shares, reducing its share count to 232,265,302 and setting the new total of voting rights at the same level, a move that marginally enhances remaining shareholders’ proportional ownership.
The detailed trade data show the shares were bought on the London Stock Exchange at prices ranging between 1,653.00 and 1,680.00 pence, reflecting active execution within a narrow price band. By continuing to pursue share buybacks and cancellations, Zegona signals confidence in its equity value and capital management strategy, while providing a clearer base for investors to track ownership thresholds under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1736.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 75,000 ordinary shares under its ongoing share buyback programme, paying a volume-weighted average price of 1,621.63 pence per share through Canaccord Genuity. The company plans to cancel these shares, reducing its share count and potentially enhancing earnings per share and capital returns for remaining investors.
Following cancellation of the repurchased stock, Zegona will have 232,340,302 ordinary shares in issue, which will also represent the total number of voting rights in the company. This updated capital structure provides a new reference point for shareholders when calculating disclosure thresholds under UK transparency rules and may modestly concentrate ownership influence.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1699.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 75,000 of its own ordinary shares at a volume-weighted average price of 1,595.50 pence as part of an ongoing share buyback programme executed through Canaccord Genuity. The company plans to cancel these shares, which will reduce the number of ordinary shares and voting rights in issue to 232,415,302, potentially enhancing earnings per share and marginally increasing existing investors’ proportional stakes.
The transaction, carried out on the London Stock Exchange, reflects Zegona’s continued use of capital management tools following its recent strategic expansion in European telecoms. The updated share count also provides a new reference point for investors and other stakeholders when calculating disclosure thresholds under UK market transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1699.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 75,000 of its own ordinary shares as part of its ongoing share buyback programme, paying a volume-weighted average price of 1,550.35 pence per share through Canaccord Genuity. The shares will be cancelled, reducing the company’s share capital to 232,490,302 ordinary shares in issue and voting rights, a move that marginally enhances earnings per share and consolidates ownership for existing investors while signalling continued capital management discipline following its expansion with Vodafone Spain.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1693.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued to execute its share buyback programme, repurchasing 75,000 ordinary shares on 4 February 2026 at a volume-weighted average price of 1,591.11 pence per share through Canaccord Genuity. The company intends to cancel these shares, reducing the number of ordinary shares in issue and voting rights to 232,565,302, a move that tightens the free float and may enhance earnings per share while providing shareholders with a clearer reference point for calculating disclosure thresholds under UK market transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1720.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued to execute its share buyback programme, repurchasing 75,000 ordinary shares on 3 February 2026 at a volume-weighted average price of 1,610 pence per share through Canaccord Genuity. The company intends to cancel these shares, reducing the total number of ordinary shares and voting rights in issue to 232,640,302, a move that marginally enhances earnings per share and may support the share price while providing a new denominator for investors’ disclosure obligations under UK market transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1715.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has confirmed that, as of 31 January 2026, its issued share capital consists of 232,940,302 ordinary shares of 1 pence each, with no shares held in treasury, giving a total of 232,940,302 voting rights. The company said this figure should be used by shareholders and other interested parties as the denominator for calculating whether disclosure obligations are triggered under UK transparency rules, underscoring its compliance with regulatory reporting and providing clarity on its current capital and voting structure.
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.
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.
Zegona Communications has repurchased 75,000 of its ordinary shares on 30 January 2026 under its ongoing share buyback programme, at a volume-weighted average price of 1,580.83 pence per share, and will cancel the shares. Following this cancellation, the company’s issued share capital and total voting rights will be reduced to 232,790,302 ordinary shares, a change that will affect how shareholders and other investors calculate disclosure thresholds under UK transparency rules.
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.
Zegona Communications has repurchased 75,000 of its own ordinary shares at a volume-weighted average price of 1,582.49 pence per share under its ongoing share buyback programme, executed via Canaccord Genuity. The company intends to cancel these shares, reducing its share capital and setting the total number of shares and voting rights at 232,865,302, a move that marginally enhances remaining shareholders’ proportional ownership and provides an updated reference point for regulatory disclosure thresholds.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1586.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 75,000 of its own ordinary shares under its previously announced share buyback programme, paying a volume-weighted average price of 1,616 pence per share through broker Canaccord Genuity. The company intends to cancel the repurchased shares, reducing the number of ordinary shares and voting rights in issue to 232,940,302, a move that marginally consolidates existing shareholders’ stakes and provides an updated denominator for regulatory disclosure thresholds under UK market transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1725.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
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.
Zegona Communications has continued its share buyback programme, repurchasing 180,000 ordinary shares at a volume-weighted average price of 1,620.66 pence per share through Canaccord Genuity. The company intends to cancel these shares, reducing the number of shares in issue and voting rights to 233,090,302, a move that may enhance earnings per share and consolidate existing shareholders’ stakes while setting a new reference point for disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1725.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 100,000 of its own ordinary shares at a volume-weighted average price of 1,607.75 pence as part of its ongoing share buyback programme, executed through Canaccord Genuity. The company plans to cancel these shares, reducing the number of shares in issue and voting rights to 233,270,302, a move that marginally enhances earnings per share for remaining investors and clarifies the denominator for regulatory disclosure thresholds under UK market transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1715.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 153,000 of its own ordinary shares under its previously announced share buyback programme, at a volume-weighted average price of 1,618.20 pence, and will cancel these shares, reducing its total shares in issue and voting rights to 233,370,302. The move forms part of the company’s capital management strategy, potentially enhancing earnings per share and signalling confidence in its valuation to investors, while also updating shareholders on the new denominator for regulatory disclosure of voting interests.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1725.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued its share buyback programme with the repurchase of 70,000 ordinary shares on 21 January 2026 at a volume-weighted average price of 1,597.56 pence, with prices ranging between 1,577.60 pence and 1,605.00 pence. The company plans to cancel these shares, reducing the number of ordinary shares in issue and the total voting rights to 233,523,302, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation while providing an updated denominator for investors’ disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1709.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 108,000 of its ordinary shares at a volume-weighted average price of 1,580.83 pence under its ongoing share buyback programme and plans to cancel these shares, reducing the total number of shares and voting rights in issue to 233,593,302. The transaction, executed via Canaccord Genuity on the London Stock Exchange, tightens Zegona’s share capital base and may enhance earnings per share while clarifying the new denominator for investors’ disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1693.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 100,000 of its own ordinary shares on 19 January 2026 under its ongoing share buyback programme, at a volume-weighted average price of 1,584.57 pence per share, through Canaccord Genuity. The company intends to cancel these shares, reducing its share count and leaving 233,701,302 ordinary shares and voting rights in issue, a move that marginally increases existing shareholders’ proportional ownership and provides an updated denominator for regulatory disclosure calculations under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1640.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 180,000 of its own ordinary shares as part of its ongoing share buyback programme, executed through Canaccord Genuity at a volume-weighted average price of 1,547.75 pence per share. The company intends to cancel these shares, reducing its share capital to 233,801,302 ordinary shares in issue and voting rights, a move that marginally enhances earnings per share and underlines management’s continuing focus on capital returns and shareholder value following its expansion in the European telecoms market.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1656.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued to execute its share buyback programme, repurchasing 80,000 ordinary shares on 15 January 2026 via Canaccord Genuity at a volume-weighted average price of 1,571.25 pence per share. The company intends to cancel these shares, reducing the number of ordinary shares in issue and the total voting rights to 233,981,302, a move that is likely to enhance earnings per share and consolidate existing shareholders’ relative ownership stakes while providing a clearer reference point for regulatory disclosure thresholds.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1667.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 170,000 of its own ordinary shares as part of its ongoing share buyback programme, at a volume-weighted average price of 1,563.95 pence per share, and plans to cancel these shares. Following the cancellation, Zegona’s share capital will consist of 234,061,302 ordinary shares, which will also represent the total voting rights in the company, affecting how shareholders calculate disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Hold with a £1613.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has continued executing its share buyback programme, repurchasing 130,000 ordinary shares on 13 January 2026 at a volume-weighted average price of 1,494.76 pence via Canaccord Genuity. The company plans to cancel these shares, reducing its share count and setting the total number of voting rights at 234,231,302, a move that can enhance earnings per share and may signal confidence in the company’s valuation to investors.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2150.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 130,000 of its ordinary shares at a volume-weighted average price of 1,494.76 pence under its previously announced share buyback programme, and intends to cancel the shares. Following this cancellation, Zegona will have 234,231,302 ordinary shares in issue, which will become the new total number of voting rights and relevant denominator for shareholders assessing disclosure obligations under UK transparency rules.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2150.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 115,000 of its own ordinary shares as part of its ongoing share buyback programme, at a volume-weighted average price of 1,428.37 pence per share, and will cancel these shares, reducing its share capital to 234,361,302 shares in issue. The move, executed through Canaccord Genuity on the London Stock Exchange, marginally concentrates ownership and voting rights among remaining shareholders and signals continued capital management discipline following Zegona’s recent expansion in the European telecoms market.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £2150.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has repurchased 80,000 of its own ordinary shares under its ongoing share buyback programme, executed via Canaccord Genuity at a volume-weighted average price of 1,339.43 pence per share. The company plans to cancel these shares, reducing its total shares in issue and voting rights to 234,476,302, a move that tightens the share capital base and may enhance earnings per share while providing a new reference point for investors and regulators assessing ownership thresholds under UK disclosure rules.
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.
Zegona Communications has successfully repriced its €1.7 billion (reducing to €1.665 billion after FiberPass proceeds) Term Loan B facility due July 2029, cutting the all-in interest rate to 4.35% and trimming the margin by 50 basis points to 2.25% per annum while leaving other key terms largely unchanged. Management says the transaction, which it describes as the lowest-priced euro telco Term Loan B currently in the market, further lowers the company’s funding costs and supports its deleveraging trajectory, with annualised total interest now down by about €80 million since the start of its Vodafone Spain investment, underscoring strong credit market support for Zegona’s strategy and balance sheet.
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.
Zegona Communications has continued executing its previously announced share buyback programme, repurchasing 56,000 ordinary shares on 8 January 2026 at a volume-weighted average price of 1,332.23 pence via Canaccord Genuity. The company intends to cancel these shares, reducing its share count to 234,556,302 and setting the new total of voting rights at the same level, 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 transparency rules.
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.
Zegona Communications has continued to execute its share buyback programme by repurchasing 80,000 ordinary shares on 7 January 2026 at a volume-weighted average price of 1,341.55 pence, with the trades carried out through Canaccord Genuity Limited. The company intends to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 234,612,302, a move that tightens its share capital and may enhance earnings per share while providing a new reference point for investors’ and regulators’ disclosure calculations under UK transparency rules.
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.
Zegona Communications has confirmed that, as of 8 January 2026, its issued share capital consists of 234,742,302 ordinary shares of 1 pence each, with no shares held in treasury, resulting in total voting rights of 234,742,302. The company said this figure should be used by shareholders and other relevant parties as the denominator when assessing whether they must disclose holdings or changes in holdings under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, providing clarity for investors on the current ownership and voting structure.
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.
Zegona Communications has completed the repayment of its Vodafone-related financing in full following the payment of a €1.4 billion special dividend to its ordinary shareholders. As part of the transaction structure, the company will cancel 523,240,603 ordinary shares held by EJLSHM Funding Limited, effectively reducing its ordinary share capital by 69% and leaving 234,742,302 ordinary shares in issue from tomorrow, a move that significantly reshapes its capital structure and may enhance capital efficiency for remaining investors.
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.
Zegona Communications has repurchased 50,000 ordinary shares at a volume-weighted average price of 1,341.5 pence as part of its ongoing share buyback programme and will cancel the stock, reducing its share capital. Following cancellation, the company will have 757,932,905 shares in issue, a change that alters the total number of voting rights and the denominator used by investors for regulatory disclosure thresholds under the UK’s transparency rules.
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.
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.
Zegona Communications has confirmed that its share capital as of 31 December 2025 consisted of 758,142,905 ordinary shares, with no shares held in treasury, resulting in an equal number of total voting rights. The company noted that this figure should be used by shareholders and other obliged parties as the denominator when assessing whether they must disclose holdings or changes in their interest under UK transparency rules, clarifying the capital structure at year-end for regulatory reporting and investor monitoring purposes.
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.
Zegona Communications has repurchased 80,000 of its own ordinary shares under its ongoing share buyback programme, paying a volume-weighted average price of 1,360.55 pence per share through Canaccord Genuity. The company plans to cancel the shares, reducing the number of ordinary shares in issue and voting rights to 758,062,905, a move that slightly concentrates existing shareholders’ stakes and updates the denominator used for regulatory disclosure thresholds under UK transparency rules.
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.
Zegona Communications has repurchased 50,000 of its own ordinary shares under its ongoing share buyback programme, at a volume-weighted average price of 1,398.18 pence per share, and will cancel these shares, reducing the total number of shares and voting rights in issue to 758,142,905. The move further executes the capital management strategy announced in late 2025 and marginally enhances remaining shareholders’ proportional ownership and voting power, while providing an updated reference figure for investors monitoring disclosure thresholds under UK market transparency rules.
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.
Zegona Communications has repurchased 80,000 of its own ordinary shares on 30 December 2025 under its previously announced share buyback programme, at a volume-weighted average price of 1,386.51 pence per share, and intends to cancel all the shares bought. Following this cancellation, Zegona’s share capital will consist of 758,192,905 ordinary shares, which will also represent the total voting rights in the company, a move that marginally enhances earnings per share and may signal management’s confidence in the company’s valuation to investors.
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.
Zegona Communications has repurchased 80,000 of its own ordinary shares at a volume-weighted average price of 1,336.91 pence under its ongoing share buyback programme, and intends to cancel the shares, reducing the total number of shares and voting rights in issue to 758,272,905. The move tightens the company’s share capital base and may enhance earnings per share and shareholder value, while also updating investors on the new denominator for regulatory disclosure thresholds under UK market transparency rules.
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.
Zegona Communications has continued to execute its previously announced share buyback programme, repurchasing 10,000 ordinary shares on 24 December 2025 at a volume-weighted average price of 1,325 pence per share through Canaccord Genuity. The company plans to cancel these shares, reducing the total number of shares and voting rights in issue to 758,352,905, a move that marginally enhances earnings per share and clarifies the denominator shareholders should use for regulatory disclosure calculations under UK transparency rules.
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.
Zegona Communications has continued to execute its share buyback programme, repurchasing 40,000 ordinary shares on 23 December 2025 at a volume-weighted average price of 1,316.65 pence per share through Canaccord Genuity. The company intends to cancel these shares, reducing the number of ordinary shares and voting rights in issue to 758,362,905, a move that marginally enhances earnings per share and may support the share price while adjusting the free float and ownership percentages for existing investors.
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.
Zegona Communications has continued to execute its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 22 December 2025 at a volume-weighted average price of 1,305.93 pence through broker Canaccord Genuity. The repurchased shares will be cancelled, reducing the company’s share count to 758,402,905 and setting the new total of voting rights at the same level, a move that marginally enhances earnings per share and may support shareholder value while providing an updated reference point for investors’ regulatory disclosure calculations under UK transparency rules.
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.
Zegona shareholders have overwhelmingly approved a special resolution enabling a €1.4 billion special dividend and a major reduction in the company’s ordinary share capital. Around €975 million of the dividend will be used to fully settle Vodafone-related financing via EJLSHM Funding Limited, allowing the cancellation of 523 million EJLSHM-held shares and cutting Zegona’s ordinary share count by about 69%, a move that will significantly reshape its capital structure and concentrate ownership among remaining investors.
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.
Zegona Communications has continued to execute its recently announced share buyback programme, repurchasing 70,000 ordinary shares on 19 December 2025 via Canaccord Genuity at a volume-weighted average price of 1,327.93 pence. The company plans to cancel the repurchased shares, reducing the number of ordinary shares and voting rights in issue to 758,472,905, a move that marginally increases existing investors’ proportional stakes and signals ongoing capital management efforts following its strategic expansion in the European telecoms market.
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.
Zegona Communications has repurchased 110,000 of its own ordinary shares under its previously announced share buyback programme, at a volume-weighted average price of 1,305 pence per share, through broker Canaccord Genuity. The company intends to cancel these shares, reducing the number of shares in issue and voting rights outstanding to 758,542,905, a move that may modestly enhance earnings per share and consolidate existing investors’ stakes while providing a new reference figure for regulatory disclosure thresholds.
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.
Zegona Communications announced the repurchase of 152,000 of its ordinary shares at an average price of 1,419.97 pence per share, as part of its ongoing share buyback program. These shares will be canceled, reducing the total shares in circulation to 758,652,905. This action aims to consolidate shareholder value and may impact shareholder voting balances and ownership structures, aligning with the company’s broader financial strategies.
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.
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.
Zegona Communications PLC has announced the purchase of 146,000 of its ordinary shares as part of its share buyback programme, with plans to cancel these shares. This move will adjust the total number of voting rights to 758,804,905, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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.