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

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

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

Gamma Communications Stock Performance

LON GAMA opened at GBX 1,704 ($22.28) on Tuesday. The company’s 50 day moving average is GBX 1,485.45 and its 200-day moving average is GBX 1,405.23. Gamma Communications has a 12-month low of GBX 980.10 ($12.82) and a 12-month high of GBX 1,710 ($22.36). The company has a quick ratio of 2.45, a current ratio of 2.92 and a debt-to-equity ratio of 3.40. The firm has a market cap of £1.63 billion, a P/E ratio of 3,098.18, 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.