Gamma Communications (LON:GAMA) Given Buy Rating at Shore Capital

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

Separately, Berenberg Bank increased their price objective on Gamma Communications from GBX 1,900 ($25.37) to GBX 2,000 ($26.71) and gave the company a "buy" rating in a research note on Tuesday, April 8th.

Gamma Communications Price Performance

GAMA stock traded down GBX 22 ($0.29) during trading on Friday, reaching GBX 1,342 ($17.92). The company's stock had a trading volume of 463,022 shares, compared to its average volume of 688,961. The company's fifty day moving average is GBX 1,265.75 and its 200-day moving average is GBX 1,412.61. Gamma Communications has a 1 year low of GBX 1,132 ($15.12) and a 1 year high of GBX 1,917.60 ($25.61). The company has a market capitalization of £1.28 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The company has a quick ratio of 2.45, a current ratio of 2.78 and a debt-to-equity ratio of 2.08.

Gamma Communications (LON:GAMA - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.14) EPS for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. On average, research analysts expect that Gamma Communications will post 89.6398892 earnings per share for the current fiscal year.

Gamma Communications Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, May 29th will be given a dividend of GBX 13 ($0.17) per share. The ex-dividend date is Thursday, May 29th. This is an increase from Gamma Communications's previous dividend of $6.50. This represents a yield of 1.03%. Gamma Communications's dividend payout ratio (DPR) is 30.70%.

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.