GTT Communications (GTT) Receives Daily News Impact Score of 0.04

Media headlines about GTT Communications (NYSE:GTT) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. GTT Communications earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.3499627876683 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

GTT Communications (GTT) opened at $45.80 on Friday. The stock has a market cap of $2,003.28, a PE ratio of -70.46, a price-to-earnings-growth ratio of 18.17 and a beta of 1.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 4.08. GTT Communications has a 1-year low of $22.95 and a 1-year high of $47.75.

GTT Communications (NYSE:GTT) last released its earnings results on Thursday, November 2nd. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.07. GTT Communications had a negative net margin of 3.78% and a positive return on equity of 1.89%. equities research analysts predict that GTT Communications will post -0.77 earnings per share for the current year.

GTT has been the topic of several recent research reports. Zacks Investment Research lowered shares of GTT Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Oppenheimer upped their target price 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. Finally, Craig Hallum restated a “buy” rating and issued a $50.00 target price (up from $40.00) on shares of GTT Communications in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $44.33.

In other GTT Communications news, Director S Joseph Bruno sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $40.50, for a total value of $40,500.00. Following the transaction, the director now directly owns 108,467 shares in the company, valued at approximately $4,392,913.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Chris Mckee sold 7,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $39.54, for a total transaction of $276,780.00. Following the transaction, the general counsel now owns 487,928 shares in the company, valued at $19,292,673.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,000 shares of company stock worth $724,280. 25.70% of the stock is owned by insiders.

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About GTT Communications

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)

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