Gamma Communications (LON:GAMA) Rating Reiterated by Shore Capital

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

Separately, Berenberg Bank initiated coverage on shares of Gamma Communications in a report on Monday, June 3rd. They issued a “buy” rating and a GBX 1,980 ($25.89) price target on the stock.

Gamma Communications Trading Up 10.7 %

GAMA traded up GBX 160 ($2.09) during trading on Tuesday, reaching GBX 1,662 ($21.73). 4,172,474 shares of the company’s stock were exchanged, compared to its average volume of 260,736. The company has a current ratio of 2.92, a quick ratio of 2.45 and a debt-to-equity ratio of 3.40. Gamma Communications has a one year low of GBX 980.10 ($12.82) and a one year high of GBX 1,669.49 ($21.83). The firm has a fifty day moving average price of GBX 1,479.85 and a two-hundred day moving average price of GBX 1,402.07. The stock has a market capitalization of £1.59 billion, a PE ratio of 3,014.55, 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.