Gamma Communications (LON:GAMA) Earns Buy Rating from Shore Capital

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

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

Gamma Communications Stock Performance

Shares of Gamma Communications stock opened at GBX 1,690 ($22.63) on Tuesday. Gamma Communications has a one year low of GBX 980.10 ($13.12) and a one year high of GBX 1,744 ($23.35). The company has a market cap of £1.62 billion, a PE ratio of 2,913.79, a P/E/G ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.45 and a current ratio of 2.78. The business has a 50-day simple moving average of GBX 1,547.53 and a 200-day simple moving average of GBX 1,440.91.

Gamma Communications Cuts Dividend

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