Gamma Communications’ (GAMA) “Buy” Rating Reiterated at Shore Capital

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a research note issued on Tuesday, LSE.Co.UK reports.

A number of other equities research analysts have also issued reports on GAMA. Berenberg Bank began coverage on shares of Gamma Communications in a report on Monday, June 3rd. They issued a “buy” rating and a GBX 1,980 ($26.51) price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gamma Communications from GBX 2,250 ($30.13) to GBX 2,300 ($30.80) and gave the company a “buy” rating in a research note on Monday, September 16th.

Gamma Communications Trading Down 0.4 %

LON:GAMA traded down GBX 6 ($0.08) during trading hours on Tuesday, hitting GBX 1,698 ($22.74). The company had a trading volume of 180,773 shares, compared to its average volume of 250,196. Gamma Communications has a 1 year low of GBX 980.10 ($13.12) and a 1 year high of GBX 1,728 ($23.14). The company has a market cap of £1.62 billion, a P/E ratio of 2,927.59, a P/E/G ratio of 2.79 and a beta of 0.82. The company has a 50-day moving average of GBX 1,532.41 and a 200 day moving average of GBX 1,433.89. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.09.

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.