Gamma Communications (LON:GAMA) Receives “Buy” Rating from Shore Capital

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

Several other research firms also recently issued reports on GAMA. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gamma Communications from GBX 2,250 ($27.47) to GBX 2,300 ($28.08) and gave the stock a “buy” rating in a research note on Monday, September 16th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,900 ($23.20) price target on shares of Gamma Communications in a research report on Tuesday.

Gamma Communications Stock Up 0.4 %

Shares of LON:GAMA opened at GBX 1,382 ($16.87) on Tuesday. The stock has a 50-day simple moving average of GBX 1,565.01 and a 200-day simple moving average of GBX 1,555.77. The stock has a market capitalization of £1.32 billion, a P/E ratio of 2,382.76, a PEG ratio of 2.79 and a beta of 0.82. Gamma Communications has a 1 year low of GBX 1,090 ($13.31) and a 1 year high of GBX 1,917.60 ($23.41). The company has a debt-to-equity ratio of 2.09, a quick ratio of 2.45 and a current ratio of 2.78.

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.