Gamma Communications (LON:GAMA – Free Report) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 2,250 ($29.72) to GBX 2,300 ($30.38) in a report issued on Monday, Marketbeat.com reports. The firm currently has a buy rating on the stock.
Several other brokerages have also commented on GAMA. Shore Capital reissued a buy rating on shares of Gamma Communications in a report on Tuesday, September 10th. Berenberg Bank began coverage on shares of Gamma Communications in a research report on Monday, June 3rd. They issued a buy rating and a GBX 1,980 ($26.16) target price on the stock.
Check Out Our Latest Stock Analysis on GAMA
Gamma Communications Stock Down 0.2 %
Gamma Communications Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a GBX 6.50 ($0.09) dividend. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, September 19th. Gamma Communications’s dividend payout ratio is presently 3,103.45%.
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.
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