Gamma Communications’ (GAMA) “Buy” Rating Reiterated at Shore Capital

Shore Capital reiterated their buy rating on shares of Gamma Communications (LON:GAMA) in a research note released on Tuesday morning, Marketbeat reports.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 1,900 ($24.60) price target on shares of Gamma Communications in a research note on Tuesday, January 14th.

Gamma Communications Stock Performance

LON:GAMA opened at GBX 1,260 ($16.31) on Tuesday. Gamma Communications has a fifty-two week low of GBX 1,192.95 ($15.44) and a fifty-two week high of GBX 1,917.60 ($24.83). The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08. The stock has a market cap of £1.20 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The firm’s fifty day simple moving average is GBX 1,316.63 and its 200-day simple moving average is GBX 1,497.98.

Gamma Communications (LON:GAMA) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.10) earnings per share for the quarter. Gamma Communications had a return on equity of 16.09% and a net margin of 10.29%. Analysts expect that Gamma Communications will post 89.6398892 earnings per share for the current fiscal year.

Gamma Communications Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, May 29th will be issued a GBX 13 ($0.17) dividend. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, May 29th. This is a positive change from Gamma Communications’s previous dividend of $6.50. Gamma Communications’s dividend payout ratio (DPR) is 30.70%.

About Gamma Communications

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.