Gamma Communications (LON:GAMA) Now Covered by Analysts at Berenberg Bank

Berenberg Bank began coverage on shares of Gamma Communications (LON:GAMAFree Report) in a research report sent to investors on Monday morning, Marketbeat reports. The firm issued a buy rating and a GBX 1,980 ($25.37) target price on the stock.

Separately, Shore Capital reissued a buy rating on shares of Gamma Communications in a research note on Tuesday, May 21st.

Read Our Latest Analysis on GAMA

Gamma Communications Stock Up 0.8 %

LON GAMA traded up GBX 12 ($0.15) on Monday, reaching GBX 1,462 ($18.73). The stock had a trading volume of 207,110 shares, compared to its average volume of 209,180. Gamma Communications has a 1 year low of GBX 980.10 ($12.56) and a 1 year high of GBX 1,518 ($19.45). The business has a 50 day moving average price of GBX 1,356.71 and a 200 day moving average price of GBX 1,234.53. The company has a market capitalization of £1.42 billion, a price-to-earnings ratio of 2,654.55, a P/E/G ratio of 2.79 and a beta of 0.74. 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 Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be issued a GBX 11.40 ($0.15) dividend. This is a positive change from Gamma Communications’s previous dividend of $5.70. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 0.84%. Gamma Communications’s dividend payout ratio is presently 3,090.91%.

Insider Transactions at Gamma Communications

In other Gamma Communications news, insider Andrew Belshaw sold 16,015 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of GBX 1,313 ($16.82), for a total transaction of £210,276.95 ($269,413.13). 3.68% of the stock is owned by insiders.

About Gamma Communications

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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.

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