Somewhat Positive Press Coverage Somewhat Unlikely to Impact GTT Communications (GTT) Stock Price

News coverage about GTT Communications (NYSE:GTT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news 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 0.16 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.9881275033523 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Shares of GTT Communications (GTT) opened at $40.20 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 4.08. The stock has a market capitalization of $1,762.10, a PE ratio of 450.56 and a beta of 1.48. GTT Communications has a 12-month low of $22.95 and a 12-month high of $41.00.

Separately, Zacks Investment Research raised GTT Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $36.20.

In related news, insider Richard Calder sold 10,000 shares of GTT Communications stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $31.99, for a total transaction of $319,900.00. Following the completion of the transaction, the insider now owns 1,121,006 shares in the company, valued at $35,860,981.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Joseph Bruno sold 1,000 shares of GTT Communications stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $40.50, for a total value of $40,500.00. Following the transaction, the director now owns 108,467 shares of the company’s stock, valued at approximately $4,392,913.50. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 81,000 shares of company stock worth $63,250 and sold 163,900 shares worth $2,101,966. 25.70% of the stock is currently owned by insiders.

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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)

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