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

Shore Capital reissued their buy rating on shares of Gamma Communications (LON:GAMA) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports.

A number of other equities research analysts have also recently issued reports on the stock. Berenberg Bank started coverage on shares of Gamma Communications in a report on Monday, June 3rd. They set a buy rating and a GBX 1,980 ($26.51) target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gamma Communications from GBX 2,250 ($30.13) to GBX 2,300 ($30.80) and gave the company a buy rating in a report on Monday, September 16th.

Gamma Communications Trading Down 0.8 %

Shares of GAMA stock opened at GBX 1,706 ($22.84) on Tuesday. The company’s fifty day simple moving average is GBX 1,547.53 and its two-hundred day simple moving average is GBX 1,440.91. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.78 and a quick ratio of 2.45. Gamma Communications has a 1 year low of GBX 980.10 ($13.12) and a 1 year high of GBX 1,744 ($23.35). The stock has a market capitalization of £1.63 billion, a price-to-earnings ratio of 2,941.38, a PEG ratio of 2.79 and a beta of 0.82.

Gamma Communications Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be issued a GBX 6.50 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 0.43%. Gamma Communications’s payout ratio is currently 3,103.45%.

Gamma Communications Company Profile

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.