Gamma Communications PLC (LON:GAMA) shares reached a new 52-week high on Friday . The company traded as high as GBX 920 ($11.87) and last traded at GBX 890 ($11.48), with a volume of 27422 shares trading hands. The stock had previously closed at GBX 886 ($11.43).

A number of research analysts have weighed in on GAMA shares. Peel Hunt reiterated an “add” rating on shares of Gamma Communications in a research report on Friday, June 1st. Numis Securities upped their price target on shares of Gamma Communications from GBX 860 ($11.09) to GBX 900 ($11.61) and gave the stock a “buy” rating in a report on Thursday, July 12th. Citigroup upped their price target on shares of Gamma Communications from GBX 930 ($12.00) to GBX 1,025 ($13.22) and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays upped their price target on shares of Gamma Communications from GBX 750 ($9.67) to GBX 775 ($10.00) and gave the stock an “overweight” rating in a report on Wednesday, July 11th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 878 ($11.33).

Gamma Communications (LON:GAMA) last posted its quarterly earnings results on Monday, September 3rd. The company reported GBX 13.40 ($0.17) EPS for the quarter. Gamma Communications had a net margin of 9.65% and a return on equity of 26.40%.

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

Gamma Communications Company Profile (LON:GAMA)

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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