Citigroup Raises Gamma Communications (GAMA) Price Target to GBX 1,025

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Gamma Communications (LON:GAMA) had its price target boosted by Citigroup from GBX 930 ($12.00) to GBX 1,025 ($13.22) in a research report released on Wednesday. Citigroup currently has a buy rating on the stock.

GAMA has been the subject of a number of other research reports. Peel Hunt reaffirmed an add rating and set a GBX 840 ($10.84) price objective on shares of Gamma Communications in a research report on Thursday, July 12th. Barclays raised their price objective on Gamma Communications from GBX 750 ($9.67) to GBX 775 ($10.00) and gave the company an overweight rating in a research report on Wednesday, July 11th. Finally, Numis Securities reaffirmed an under review rating on shares of Gamma Communications in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Gamma Communications presently has a consensus rating of Buy and an average price target of GBX 878 ($11.33).

GAMA stock opened at GBX 890 ($11.48) on Wednesday. Gamma Communications has a twelve month low of GBX 463 ($5.97) and a twelve month high of GBX 770 ($9.93).

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

The firm also recently announced 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. This represents a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, September 20th.

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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