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

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

A number of other equities analysts have also weighed in on GAMA. Deutsche Bank Aktiengesellschaft lifted their price objective on Gamma Communications from GBX 2,250 ($27.53) to GBX 2,300 ($28.14) and gave the company a “buy” rating in a research note on Monday, September 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,900 ($23.25) price objective on shares of Gamma Communications in a research note on Tuesday.

Gamma Communications Stock Performance

Shares of LON GAMA traded down GBX 32 ($0.39) during trading on Tuesday, reaching GBX 1,376 ($16.84). 328,399 shares of the company traded hands, compared to its average volume of 444,803. The firm’s fifty day simple moving average is GBX 1,569.24 and its 200 day simple moving average is GBX 1,556.09. The stock has a market cap of £1.32 billion, a P/E ratio of 2,372.41, a PEG ratio of 2.79 and a beta of 0.82. Gamma Communications has a 12-month low of GBX 1,072 ($13.12) and a 12-month high of GBX 1,917.60 ($23.47). 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.