News articles about GTT Communications (NYSE:GTT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GTT Communications earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 43.9963922924401 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
GTT has been the subject of several analyst reports. Zacks Investment Research downgraded shares of GTT Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Oppenheimer raised their price target on shares of GTT Communications from $39.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th. William Blair reissued an “outperform” rating on shares of GTT Communications in a report on Monday, February 26th. Craig Hallum reissued a “buy” rating and issued a $60.00 price target (up from $50.00) on shares of GTT Communications in a report on Monday, February 26th. Finally, Guggenheim initiated coverage on shares of GTT Communications in a report on Tuesday, March 13th. They issued a “neutral” rating and a $56.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $56.86.
Shares of NYSE:GTT opened at $49.65 on Tuesday. GTT Communications has a one year low of $25.45 and a one year high of $62.32. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.34. The firm has a market capitalization of $2,227.81, a price-to-earnings ratio of 206.88, a PEG ratio of 40.57 and a beta of 1.05.
GTT Communications (NYSE:GTT) last posted its quarterly earnings data on Thursday, March 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17. GTT Communications had a negative net margin of 9.21% and a positive return on equity of 2.78%. The company had revenue of $249.20 million during the quarter, compared to the consensus estimate of $247.40 million. equities analysts expect that GTT Communications will post 0.04 earnings per share for the current fiscal year.
In other news, General Counsel Chris Mckee sold 7,000 shares of GTT Communications stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $45.85, for a total transaction of $320,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Calder sold 6,000 shares of GTT Communications stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $45.85, for a total transaction of $275,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock valued at $1,376,110 over the last ninety days. 25.70% of the stock is currently owned by insiders.
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About GTT Communications
GTT Communications, Inc provides cloud networking services to multinational enterprises, carriers, and government customers worldwide. The company provides private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment and security services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services.
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