Zegona Communications (ZEG)

Sector:

Telecom Operators

1,160.00p
   
  • Change Today:
    -30.00p
  • 52 Week High: 1,200.00
  • 52 Week Low: 302.00
  • Currency: UK Pounds
  • Shares Issued: 759.21m
  • Volume: 426,520
  • Market Cap: £8,807m
  • RiskGrade: 74
  • Beta: 0.01

Canaccord Genuity hikes target price on Zegona Communications

By Iain Gilbert

Date: Monday 21 Jul 2025

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity hiked their target price on Zegona Communications from 835.0p to 980.0p on Monday following the group's recent FY25 results.
Canaccord Genuity noted there was no new news on Zegona's fixed network monetisation in its FY25 results, other than it was "well-advanced", making this "a good opportunity" for investors to focus on the strong execution of the company's operational turnaround.

In addition to the "impressive operational transformation", Canaccord Genuity continues to believe Zegona can extract more than €2.0bn from a combination of dividend recaps and equity stake sales from its two Netco JVs.

"This should enable it to pay a special dividend of c.£1.6/share (~20% of mkt cap), allowing the subsequent cancelation of EJLSHM's 69% stake. The reduction in share count would imply 'look-through' value of £7.5-15/share, based on peer multiples," said the Canadian bank, which reiterated its 'buy' rating on the stock.

"Our estimate upgrades flow through to a raised target price of 980p from 825p. This is based on a blend of: 1) an 80% weighting assigned to the average of different proforma post-Netco monetisation valuations (4.5x to 6.5x FY26e EV/adj. EBITDAaL); and 2) a 20% weighting of a standalone/'ex Netco monetisation' valuation based on a 5.5x CY26E EV/adj. EBITDAaL multiple."





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ZEG Market Data

Currency UK Pounds
Share Price 1,160.00p
Change Today -30.00p
% Change -2.52 %
52 Week High 1,200.00
52 Week Low 302.00
Volume 426,520
Shares Issued 759.21m
Market Cap £8,807m
Beta 0.01
RiskGrade 74

ZEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.46% below the market average49.46% below the market average49.46% below the market average49.46% below the market average49.46% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
99.23% above the market average99.23% above the market average99.23% above the market average99.23% above the market average99.23% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 0
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ZEG Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 01-Jul-21 11-Feb-21
Paid 23-Jul-21 09-Mar-21
Amount 2.60p 2.20p

Trades for 28-Aug-2025

Time Volume / Share Price
16:37 1,000 @ 1,160.00p
16:35 43,448 @ 1,160.00p
16:35 1 @ 1,160.00p
16:35 168 @ 1,160.00p
16:35 526 @ 1,160.00p

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