Somewhat Favorable Press Coverage Somewhat Unlikely to Affect GTT Communications (GTT) Stock Price

News stories about GTT Communications (NYSE:GTT) have been trending somewhat positive on Saturday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GTT Communications earned a news impact score of 0.09 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.038974270015 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several brokerages recently issued reports on GTT. BidaskClub cut GTT Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Cowen and Company set a $40.00 price objective on GTT Communications and gave the stock an “outperform” rating in a research note on Friday, May 5th. Finally, Zacks Investment Research cut GTT Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.14.

Shares of GTT Communications (GTT) traded up 1.54% during mid-day trading on Friday, reaching $29.75. The company’s stock had a trading volume of 277,805 shares. GTT Communications has a one year low of $20.18 and a one year high of $34.20. The stock’s market cap is $1.23 billion. The stock has a 50 day moving average of $30.52 and a 200-day moving average of $28.86.

GTT Communications (NYSE:GTT) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. GTT Communications had a positive return on equity of 4.17% and a negative net margin of 1.88%. The business had revenue of $186.20 million for the quarter, compared to analyst estimates of $186.65 million. The business’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, equities research analysts expect that GTT Communications will post ($0.44) EPS for the current fiscal year.

In other news, General Counsel Chris Mckee sold 7,000 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.85, for a total transaction of $229,950.00. Following the sale, the general counsel now owns 433,532 shares of the company’s stock, valued at $14,241,526.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Calder sold 10,000 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.86, for a total value of $328,600.00. Following the sale, the insider now directly owns 1,171,042 shares in the company, valued at approximately $38,480,440.12. The disclosure for this sale can be found here. Insiders have sold 69,000 shares of company stock worth $2,166,110 in the last ninety days. Corporate insiders own 25.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.com-unik.info/2017/08/19/gtt-communications-gtt-earns-daily-media-sentiment-score-of-0-09-updated-updated.html.

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.

Insider Buying and Selling by Quarter for GTT Communications (NYSE:GTT)

What are top analysts saying about GTT Communications Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for GTT Communications Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit