Media stories about GTT Communications (NYSE:GTT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. GTT Communications earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 47.6003056065363 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’s scoring:
- Zacks: Brokerages Anticipate GTT Communications Inc (GTT) Will Announce Quarterly Sales of $247.75 Million (americanbankingnews.com)
- Digital ad startup ViralGains names first CFO, foresees acquisitions (bizjournals.com)
- Investor Watch: Target Price Focus on Shares of GTT Communications, Inc. (NYSE:GTT) – Clawson News (clawsonnews.com)
- GTT enhances IP backbone with Custom Connect acquisition – LightWave Online (lightwaveonline.com)
- McLean-based GTT Communications acquires Dutch company – Virginia Business Magazine (virginiabusiness.com)
GTT has been the topic of several research analyst reports. Zacks Investment Research cut GTT Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Oppenheimer lifted their price target on GTT Communications from $39.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $40.20.
GTT Communications (NYSE:GTT) traded up $0.65 on Friday, hitting $43.60. The stock had a trading volume of 136,991 shares, compared to its average volume of 278,439. The company has a market cap of $1,866.40, a price-to-earnings ratio of -67.08, a PEG ratio of 19.63 and a beta of 1.48. The company has a current ratio of 0.91, a quick 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.
In related news, insider Richard Calder sold 10,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $36.33, for a total transaction of $363,300.00. Following the completion of the sale, the insider now directly owns 1,113,679 shares in the company, valued at $40,459,958.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Chris Mckee sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $36.34, for a total value of $254,380.00. Following the transaction, the general counsel now owns 391,517 shares in the company, valued at $14,227,727.78. The disclosure for this sale can be found here. In the last ninety days, insiders bought 81,000 shares of company stock valued at $63,250 and sold 50,000 shares valued at $1,341,960. Company insiders own 25.70% of the company’s stock.
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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.
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