Zegona Communications (LON:ZEG) Reaches New 12-Month High – Still a Buy?

Posted by Tyrone Williams on Feb 18th, 2026

Zegona Communications plc (LON:ZEG – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as GBX 1,735 and last traded at GBX 1,731, with a volume of 2558892 shares traded. The stock had previously closed at GBX 1,695.

Analysts Set New Price Targets

ZEG has been the topic of a number of analyst reports. Canaccord Genuity Group raised their target price on 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. Berenberg Bank restated a “buy” rating and issued a GBX 1,350 price objective on shares of Zegona Communications in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Zegona Communications has an average rating of “Buy” and an average price target of GBX 1,683.33.

View Our Latest Stock Report on Zegona Communications

Zegona Communications Trading Up 2.9%

The company has a fifty day moving average of GBX 1,489.97 and a 200-day moving average of GBX 1,315.22. The company has a market capitalization of £4.06 billion, a price-to-earnings ratio of 158.64 and a beta of 2.80.

Zegona Communications announced that its Board of Directors has initiated a share buyback program on Friday, December 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Zegona Communications Company Profile

(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.