Gamma Communications plc (LON:GAMA) to Issue Dividend of GBX 5.70

Gamma Communications plc (LON:GAMA) announced a dividend on Tuesday, September 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 21st will be given a dividend of GBX 5.70 ($0.07) per share on Thursday, October 19th. This represents a yield of 0.53%. The ex-dividend date is Thursday, September 21st. The official announcement can be accessed at this link.

Gamma Communications Price Performance

Shares of GAMA opened at GBX 1,154 ($14.29) on Tuesday. Gamma Communications has a fifty-two week low of GBX 954 ($11.82) and a fifty-two week high of GBX 1,252 ($15.51). The company has a debt-to-equity ratio of 3.80, a current ratio of 3.40 and a quick ratio of 2.45. The company has a market capitalization of £1.12 billion, a price-to-earnings ratio of 2,234.62, a P/E/G ratio of 2.79 and a beta of 0.82. The business’s 50-day moving average is GBX 1,098.54 and its 200-day moving average is GBX 1,128.19.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Numis Securities reiterated a “buy” rating and issued a GBX 2,070 ($25.64) target price on shares of Gamma Communications in a research note on Friday, May 26th. Shore Capital reaffirmed a “not rated” rating on shares of Gamma Communications in a research note on Tuesday, September 5th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 2,000 ($24.77) price objective on shares of Gamma Communications in a report on Thursday, September 7th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,790 ($22.17).

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.