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

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

Separately, Berenberg Bank initiated coverage on Gamma Communications in a research report on Monday, June 3rd. They set a buy rating and a GBX 1,980 ($25.89) price objective on the stock.

Gamma Communications Stock Up 0.4 %

Shares of LON GAMA opened at GBX 1,710 ($22.36) on Tuesday. The company has a current ratio of 2.92, a quick ratio of 2.45 and a debt-to-equity ratio of 3.40. Gamma Communications has a 12-month low of GBX 980.10 ($12.82) and a 12-month high of GBX 1,728 ($22.60). The firm’s 50-day moving average price is GBX 1,491.05 and its 200-day moving average price is GBX 1,407.32. The stock has a market capitalization of £1.64 billion, a price-to-earnings ratio of 3,109.09, a P/E/G ratio of 2.79 and a beta of 0.82.

Gamma Communications Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 17th. Shareholders 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 is Thursday, September 19th. Gamma Communications’s dividend payout ratio (DPR) is 3,090.91%.

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.