Gamma Communications (GAMA) Given Add Rating at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Gamma Communications (LON:GAMA) in a research note released on Monday, October 1st.

GAMA has been the subject of a number of other reports. Barclays raised their price target on Gamma Communications from GBX 775 ($10.13) to GBX 1,000 ($13.07) and gave the company an overweight rating in a research note on Tuesday, September 11th. Citigroup raised their price target on Gamma Communications from GBX 930 ($12.15) to GBX 1,025 ($13.39) and gave the company a buy rating in a research note on Wednesday, September 5th. Finally, Numis Securities reiterated an add rating and set a GBX 1,020 ($13.33) target price on shares of Gamma Communications in a research note on Tuesday, September 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 947 ($12.37).

LON GAMA opened at GBX 804.25 ($10.51) on Monday. Gamma Communications has a one year low of GBX 463 ($6.05) and a one year high of GBX 770 ($10.06).

Gamma Communications (LON:GAMA) last posted its quarterly earnings results on Monday, September 3rd. The company reported GBX 13.40 ($0.18) earnings per share for the quarter. Gamma Communications had a return on equity of 26.40% and a net margin of 9.65%.

The business also recently disclosed a dividend, which will be paid on Thursday, October 18th. Shareholders of record on Thursday, September 20th will be issued a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, September 20th. This represents a yield of 0.34%.

Gamma Communications Company Profile

Gamma Communications plc provides voice, data, and mobile services for the business market in the United Kingdom. Its voice services include hosted phone system, horizon call center, connect, PBX v hosted, SIP trunk, inbound, call and line, and SIP trunk call manager; and data services comprise broadband, fiber broadband, assured and converged broadband, fiber Ethernet, Ethernet in the first mile, fiber to the cabinet (FTTC) Ethernet, converged FTTC broadband, converged Ethernet, and converged private network services.

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