Gamma Communications (LON:GAMA – Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 2,250 ($29.72) to GBX 2,300 ($30.38) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.
GAMA has been the topic of several other research reports. Shore Capital reiterated a buy rating on shares of Gamma Communications in a report on Tuesday, September 10th. Berenberg Bank started coverage on shares of Gamma Communications in a research note on Monday, June 3rd. They issued a buy rating and a GBX 1,980 ($26.16) price objective on the stock.
Read Our Latest Stock Analysis on GAMA
Gamma Communications Stock Down 0.2 %
Gamma Communications Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be given a dividend of GBX 6.50 ($0.09) per share. This represents a yield of 0.43%. The ex-dividend date of this dividend is Thursday, September 19th. Gamma Communications’s dividend payout ratio is currently 3,103.45%.
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.
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