Gamma Communications (LON:GAMA) Announces Quarterly Earnings Results

Gamma Communications (LON:GAMA) posted its earnings results on Tuesday. The company reported GBX 69.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Gamma Communications had a net margin of 10.01% and a return on equity of 13.14%.

Gamma Communications Stock Performance

Shares of GAMA opened at GBX 730 on Thursday. The firm has a 50-day moving average price of GBX 884.98 and a 200 day moving average price of GBX 931.48. The firm has a market capitalization of £668.76 million, a PE ratio of 10.52, a P/E/G ratio of 2.79 and a beta of 0.65. The company has a quick ratio of 2.45, a current ratio of 1.40 and a debt-to-equity ratio of 4.64. Gamma Communications has a 52-week low of GBX 719 and a 52-week high of GBX 1,376.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GAMA shares. Citigroup dropped their price target on shares of Gamma Communications from GBX 1,420 to GBX 1,400 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,570 price objective on shares of Gamma Communications in a report on Tuesday. Finally, Shore Capital Group restated a “buy” rating on shares of Gamma Communications in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 1,572.50.

Gamma Communications Company Profile

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.