Zegona (Buy, £13.20, +63%) Was £8.20 Significant price target upgrade
Following the FY25 and Q1 26 results and discussions with the company and also given that Zegona has reached our previous price target, we upgrade from £8.20 to £13.20. We believe that the company is getting more confident on its ability to execute further cost savings and we have made meaningful upgrades to our underlying cashflow forecasts.Zegona Communications is engaged in acquiring businesses in the European TMT sector with a 'Buy-Fix-Sell' strategy to deliver shareholder returns through fundamental business improvements. Co.'s first acquisition was the purchase of Telecable, the telecommunications operator in the Asturias region of Spain. Co.'s objectives include: executing a Buy-Fix-Sell strategy in the TMT sector; focusing on businesses that require active change and fundamental improvement to realize their full value; and targeting significant long term growth in shareholder value. Co. delivers value through a three step, Buy-Fix-Sell strategy.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
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- Pan European Healthcare
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We provide debt research on:
- Pan European Telecom Services and Cable
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