Press coverage about GTT Communications (NYSE:GTT) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GTT Communications earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.2006002703152 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
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GTT to Present at Spring 2018 Investor Conferences (finance.yahoo.com) Unified Communications Week in Review: Firstcom, 8×8, RingCentral (unified-communications.tmcnet.com) RingCentral, SD-WAN vendors team up to deliver UCaaS (searchunifiedcommunications.techtarget.com) GTT Communications (GTT) CEO Richard Calder Sells 6,000 Shares (americanbankingnews.com) GTT Communications (GTT) EVP Chris Mckee Sells 7,000 Shares (americanbankingnews.com)
GTT has been the topic of several recent research reports. Oppenheimer increased their price objective on GTT Communications from $52.00 to $68.00 in a research report on Tuesday, February 27th. William Blair reiterated a “buy” rating on shares of GTT Communications in a research report on Wednesday, March 28th. Craig Hallum reiterated a “buy” rating and set a $60.00 price objective (up from $50.00) on shares of GTT Communications in a research report on Monday, February 26th. SunTrust Banks increased their price objective on GTT Communications to $60.00 and gave the company a “buy” rating in a research report on Friday, March 2nd. Finally, Jefferies Group increased their price objective on GTT Communications to $62.00 and gave the company a “buy” rating in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.22.
GTT Communications opened at $49.55 on Tuesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 5.96, a quick ratio of 0.94 and a current ratio of 0.94. GTT Communications has a 1 year low of $28.30 and a 1 year high of $62.32. The company has a market cap of $2.27 billion, a P/E ratio of 206.46 and a beta of 1.13.
GTT Communications (NYSE:GTT) last posted its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.67). GTT Communications had a negative return on equity of 0.40% and a negative net margin of 9.96%. The company had revenue of $260.70 million for the quarter, compared to the consensus estimate of $253.61 million. During the same quarter in the previous year, the business earned ($0.42) earnings per share. GTT Communications’s revenue was up 40.2% compared to the same quarter last year. research analysts forecast that GTT Communications will post -1.3 earnings per share for the current fiscal year.
In other GTT Communications news, Director Nicola Adamo acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was acquired at an average price of $50.67 per share, for a total transaction of $202,680.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Chris Mckee sold 7,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $60.00, for a total value of $420,000.00. Following the completion of the sale, the general counsel now owns 438,680 shares of the company’s stock, valued at approximately $26,320,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 11,200 shares of company stock worth $575,976 and have sold 39,000 shares worth $2,079,720. 25.70% of the stock is owned by company insiders.
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.