Analyst Price Target is GBX 1,683.33
▲ +1.41% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Zegona Communications in the last 3 months. The average price target is GBX 1,683.33, with a high forecast of GBX 2,150 and a low forecast of GBX 1,350. The average price target represents a 1.41% upside from the last price of GBX 1,660.
Current Consensus is
Buy
The current consensus among 3 contributing investment analysts is to buy stock in Zegona Communications. This Buy consensus rating has held steady for over two years.
Zegona is publicly listed on the Main Market of the LSE. It was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson.
In 2024, Zegona completed the acquisition of Vodafone Spain. Vodafone Spain is one of the leading telecoms networks in Spain but following shifts in customer sentiment, Zegona believes the future of the business lies in right-sizing the cost and capex base in the business to the local market context, operating the assets more efficiently and driving value for money service propositions. Zegona believes Vodafone Spain is a high quality business with a strong brand, extensive network and customer base, and an opportunity to create significant value through improved commercial execution and cost efficiency.
On 4 August 2025 Zegona announced that Vodafone Spain and MasOrange entered into a binding agreement with GIC, a leading global investor, to create a new fibre network company in Spain (FibreCo). The contract activated the binding agreement Vodafone Spain signed with MasOrange earlier in 2025. FibreCo brings together the network assets of Vodafone Spain and MasOrange to create a 100% fibre-to-the-home (FTTH) network covering 12 million premises across Spain. This makes it the largest and most highly developed FibreCo in Europe.
On 7 November 2024 Zegona annouced that Vodafone Spain and Telefonica entered into a binding agreement to create a new fibre network company in Spain (Telfonica FibreCo). The Telefonica FibreCo will cover 3.6 million premises across Spain, providing fibre access services for 1.4 million Vodafone Spain and Telefonica customers. Telefonica FibreCo will provide access to the highest quality high-speed fibre optic network and support the rapid adoption of new technologies, benefiting Vodafone Spain and Telefonica customers. Vodafone Spain will use Telefonica FibreCo to provide services to its existing and future retail and wholesale customers within its footprint. This network will be a benchmark for sustainable development, meeting high ESG standards through more efficient use of network assets.
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