News headlines about GTT Communications (NYSE:GTT) have trended somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. GTT Communications earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.8950489637928 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
Shares of GTT Communications (NYSE GTT) traded up 1.73% on Thursday, reaching $35.30. 421,421 shares of the company traded hands. GTT Communications has a 52-week low of $20.80 and a 52-week high of $35.35. The company’s market capitalization is $1.46 billion. The firm has a 50-day moving average of $32.18 and a 200-day moving average of $30.71.
GTT Communications (NYSE:GTT) last released its earnings results on Thursday, August 3rd. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05. GTT Communications had a return on equity of 1.19% and a net margin of 0.35%. The firm had revenue of $186.20 million during the quarter, compared to analysts’ expectations of $186.65 million. GTT Communications’s revenue was up 44.5% compared to the same quarter last year. On average, equities research analysts forecast that GTT Communications will post ($0.43) earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. BidaskClub downgraded GTT Communications from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded GTT Communications from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Cowen and Company set a $43.00 target price on GTT Communications and gave the company a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.20.
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In related news, General Counsel Chris Mckee sold 7,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $31.99, for a total value of $223,930.00. Following the completion of the sale, the general counsel now directly owns 397,081 shares in the company, valued at $12,702,621.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Calder sold 10,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $30.38, for a total value of $303,800.00. Following the completion of the sale, the insider now owns 1,149,402 shares of the company’s stock, valued at $34,918,832.76. The disclosure for this sale can be found here. Insiders sold a total of 57,000 shares of company stock valued at $1,774,990 over the last quarter. 25.70% of the stock is owned by corporate insiders.
GTT Communications Company Profile
GTT Communications, Inc provides cloud networking services to a range of clients. The Company offers a portfolio of global communications services, wide area network (WAN) services; Internet services; managed network and security services, and voice and unified communication services. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients.
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