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

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a research report issued on Tuesday, Marketbeat Ratings reports.

A number of other research firms also recently weighed in on GAMA. Berenberg Bank began coverage on shares of Gamma Communications in a research note on Monday, June 3rd. They issued a “buy” rating and a GBX 1,980 ($26.51) price target on the stock. Deutsche Bank Aktiengesellschaft lifted 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 report on Monday, September 16th.

Gamma Communications Stock Performance

Gamma Communications stock opened at GBX 1,720 ($23.03) on Tuesday. Gamma Communications has a fifty-two week low of GBX 980.10 ($13.12) and a fifty-two week high of GBX 1,728 ($23.14). The firm’s 50 day simple moving average is GBX 1,542.17 and its 200-day simple moving average is GBX 1,439.02. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.78 and a quick ratio of 2.45. The company has a market cap of £1.65 billion, a P/E ratio of 2,965.52, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

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.