Zegona Communications (LON:ZEG) Hits New 12-Month High – Time to Buy?

Posted by Michael Walen on Jan 21st, 2026

Zegona Communications plc (LON:ZEG – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,600 and last traded at GBX 1,600, with a volume of 830706 shares trading hands. The stock had previously closed at GBX 1,540.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ZEG shares. Berenberg Bank restated a “buy” rating and issued a GBX 1,350 price objective on shares of Zegona Communications in a report on Tuesday, November 25th. Canaccord Genuity Group upped their target price on shares of Zegona Communications from GBX 1,500 to GBX 2,150 and gave the company a “buy” rating in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Zegona Communications currently has a consensus rating of “Buy” and a consensus target price of GBX 1,683.33.

Get Our Latest Research Report on Zegona Communications

Zegona Communications Trading Down 0.6%

The firm has a market cap of £11.98 billion, a P/E ratio of 143.64 and a beta of 2.80. The firm’s 50 day moving average is GBX 1,375.14 and its two-hundred day moving average is GBX 1,198.16.

Zegona Communications announced that its board has authorized a stock buyback program on Friday, December 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

About Zegona Communications

(Get Free Report)

Zegona is a British company investing strategically across the Europe with the objective of acquiring businesses in the European TMT sector, using a “Buy-Fix-Sell” strategy to deliver attractive shareholder returns.

The first acquisition made by Zegona was of Asturian telecommunications operator Telecable in 2015. Telecable was later sold to Euskaltel in 2017, at which point Zegona acquired a 15% ownership of Euskaltel.

Zegona has subsequently increased its disclosable interest in Euskaltel to over 20%, becoming the largest shareholder in the company.