Top Page
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 | Dec 2024 | Dec 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 | £810.19M | 12.56 | 18.64% | 2.23% | 11.95% | 20.69% | |
69 Neutral | £17.73B | 18.76 | 7.56% | 4.42% | -2.53% | 24.52% | |
68 Neutral | £1.73B | 26.93 | ― | ― | 4.95% | ― | |
63 Neutral | £10.19B | ― | -10.35% | ― | ― | ― | |
63 Neutral | £24.24B | -7.11 | -7.57% | 3.74% | 16.15% | -279.78% | |
63 Neutral | £13.59B | 35.67 | 21.04% | 1.50% | 14.13% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
Zegona Communications Corporate Events
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.
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.
Zegona Communications PLC announced a share buyback transaction, purchasing 125,000 of its ordinary shares at a volume-weighted average price of 1434.60 pence per share. The company intends to cancel these shares, which will result in a total of 759,084,905 ordinary shares in issue, impacting the voting rights calculations for shareholders and stakeholders 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.
Zegona Communications PLC has announced the immediate commencement of a €200 million share buyback program, initially planned to start after settling Vodafone financing. The buyback aims to reduce Zegona’s share capital and is part of a broader capital allocation strategy, reflecting the company’s commitment to enhancing shareholder value. This move is expected to significantly impact Zegona’s share structure by reducing the number of ordinary shares in issue by 69%, thereby potentially increasing the value of remaining shares and strengthening the company’s market position.
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 announced a special dividend of €1.4 billion, subject to shareholder approval, to settle Vodafone financing and reduce its ordinary shares by 69%. This move will result in a €440 million pro rata payment to other shareholders, impacting the company’s share structure and potentially enhancing 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.
Zegona Communications has announced the completion of the PremiumFiber joint venture involving Vodafone Spain, MasOrange, and GIC, creating a comprehensive fibre-to-the-home network across Spain. The transaction has generated €1.4 billion in cash proceeds for Vodafone Spain, which will be used to pay a special dividend to Zegona shareholders, settle Vodafone financing, and initiate a share buyback program. This strategic move is expected to significantly reduce Zegona’s ordinary shares by 69% and enhance shareholder value.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £17.50 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications announced that Rita Estevez, an Independent Non-Executive Director, purchased 6,200 ordinary shares of the company at 13.87 pence per share. This transaction, conducted on the London Stock Exchange, increases her total beneficial interest to 9,763 shares, though it represents a negligible percentage of the company’s issued share capital. This move is part of the company’s ongoing strategy to maintain robust stakeholder engagement and reflects confidence in Zegona’s market positioning and future prospects.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £17.50 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications PLC announced that Sofia Bergendorff, an Independent Non-Executive Director, purchased 5,841 ordinary shares of the company at 13.85 pence per share on November 27, 2025. This transaction reflects a minor increase in Bergendorff’s stake in the company, with her total beneficial interest now representing approximately 0.00% of the company’s issued share capital. The purchase is part of the company’s compliance with the Market Abuse Regulation, highlighting ongoing engagement by its directors in the company’s equity, which could signal confidence in Zegona’s strategic direction and future performance.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £17.50 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications announced that Suzi Williams, an Independent Non-Executive Director, has subscribed for 7,858 ordinary shares at £13.93 per share, totaling £109,990.28. This transaction, conducted outside a trading venue, represents a minor stake in the company and aligns with regulatory compliance under the Market Abuse Regulation, reflecting ongoing executive confidence in Zegona’s strategic direction.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £17.50 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 a General Meeting scheduled for December 22, 2025, to discuss and pass a resolution related to its capital allocation proposal. The resolution aims to repay the Vodafone Financing from the acquisition of Vodafone Spain and reduce the share count by 69% through the deferral and cancellation of shares held by EJLSHM Funding. This strategic move is expected to impact Zegona’s financial structure and shareholder value significantly.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £17.50 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 a significant capital allocation proposal following two recent FibreCo transactions, resulting in €1.8 billion in proceeds. The company plans to return €1.6 billion to shareholders through a €1.4 billion special dividend and a €200 million share buyback program, while the remaining €200 million will be used for debt reduction. This move will reduce Zegona’s ordinary shares by 69%, simplify its capital structure, and enhance shareholder value. The proposal is contingent on the completion of the FibreCo transactions and shareholder approval, with the aim of settling Vodafone financing promptly.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £1500.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.
Zegona Communications has released its Interim Financial Report for the period ending September 30, 2025, which includes results for both Zegona and Vodafone Spain. This report satisfies Zegona’s external debt reporting obligations and is accessible on their website. The release of this report is significant as it provides insights into the company’s financial health and performance, potentially impacting its market positioning and stakeholder confidence.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £1500.00 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 AXA IM Alts will acquire a 40% stake in FiberPass, a joint venture between Vodafone Spain and Telefónica España, which provides fiber-to-the-home services across Spain. This transaction, along with a recent investment in PremiumFiber, will generate €1.8 billion in upfront proceeds for Vodafone, enhancing Zegona’s financial flexibility and supporting its capital allocation strategy. The deal is expected to close in the first quarter of 2026, pending regulatory approvals.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £1500.00 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 successful registration of a High Court order confirming the cancellation of its share premium account. This decision, approved at the company’s annual general meeting, marks a significant financial restructuring move, potentially impacting the company’s capital management and shareholder value.
The most recent analyst rating on (GB:ZEG) stock is a Buy with a £1500.00 price target. To see the full list of analyst forecasts on Zegona Communications stock, see the GB:ZEG Stock Forecast page.