GTT Communications Rating Increased to Outperform at Zacks (GTT)
GTT Communications (NYSE:GTT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $12.60 target price on the stock. Zacks‘s price target would suggest a potential upside of 12.80% from the company’s current price.
Shares of GTT Communications (NYSE:GTT) traded up 1.70% on Monday, hitting $11.36. 54,799 shares of the company’s stock traded hands. GTT Communications has a 1-year low of $4.01 and a 1-year high of $13.39. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $10.56. The company’s market cap is $315.0 million.
GTT Communications (NYSE:GTT) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. Analysts expect that GTT Communications will post $-0.42 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pacific Crest initiated coverage on shares of GTT Communications in a research note on Wednesday, June 4th. They set an “outperform” rating and a $16.00 price target on the stock. Analysts at William Blair initiated coverage on shares of GTT Communications in a research note on Tuesday, June 3rd. They set an “outperform” rating and a $157.00 price target on the stock.
GTT Communications, Inc, formerly Global Telecom & Technology, Inc, is a global network integrator providing a portfolio of Wide-Area Network (NYSE:GTT), dedicated Internet access and managed data services.
To view Zacks’ full report, visit Zacks’ official website.
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