A number of research firms have changed their ratings and price targets for GTT Communications (NYSE: GTT):

  • 8/4/2017 – GTT Communications was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/4/2017 – GTT Communications was given a new $43.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 7/19/2017 – GTT Communications was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “GTT Communications, Inc. offers cloud networking; high bandwidth IP transit for content delivery and hosting as well as network-to-network carrier interconnects solutions and data connectivity solutions. The company’s network consists of a layer 2 switched Ethernet and IP transit or dedicated internet access. It operates primarily in North America, Europe and Asia. GTT Communications, Inc., formerly known as Global Telecom & Technology, Inc., is headquartered in McLean, Virginia. “
  • 7/17/2017 – GTT Communications was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “GTT Communications, Inc. offers cloud networking; high bandwidth IP transit for content delivery and hosting as well as network-to-network carrier interconnects solutions and data connectivity solutions. The company’s network consists of a layer 2 switched Ethernet and IP transit or dedicated internet access. It operates primarily in North America, Europe and Asia. GTT Communications, Inc., formerly known as Global Telecom & Technology, Inc., is headquartered in McLean, Virginia. “
  • 7/12/2017 – GTT Communications was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/28/2017 – GTT Communications had its price target raised by analysts at Cowen and Company from $40.00 to $44.00. They now have an “outperform” rating on the stock.
  • 6/24/2017 – GTT Communications was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

GTT Communications, Inc. (GTT) traded up 0.63% during midday trading on Monday, reaching $32.15. The company had a trading volume of 253,058 shares. The stock’s 50 day moving average is $31.40 and its 200 day moving average is $28.73. The company’s market capitalization is $1.33 billion. GTT Communications, Inc. has a one year low of $19.86 and a one year high of $34.20.

GTT Communications (NYSE:GTT) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. GTT Communications had a negative net margin of 1.88% and a positive return on equity of 4.60%. The business had revenue of $186.20 million during the quarter, compared to the consensus estimate of $186.65 million. GTT Communications’s quarterly revenue was up 44.5% on a year-over-year basis. Equities research analysts forecast that GTT Communications, Inc. will post ($0.44) earnings per share for the current fiscal year.

In other GTT Communications news, Director Howard E. Janzen sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $30.32, for a total transaction of $181,920.00. Following the completion of the transaction, the director now directly owns 240,728 shares in the company, valued at $7,298,872.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Howard E. Janzen sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $30.00, for a total transaction of $360,000.00. Following the transaction, the director now owns 252,692 shares of the company’s stock, valued at $7,580,760. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,000 shares of company stock valued at $2,526,110. Company insiders own 25.70% of the company’s stock.

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.

Receive News & Ratings for GTT Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GTT Communications Inc and related companies with MarketBeat.com's FREE daily email newsletter.