GTT Communications Inc (GTT) Receives Consensus Rating of “Buy” from Brokerages
GTT Communications Inc (NYSE:GTT) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $46.00.
A number of analysts recently commented on GTT shares. Zacks Investment Research raised GTT Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Craig Hallum reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $40.00) on shares of GTT Communications in a research note on Monday, January 22nd. Finally, Oppenheimer increased their price objective on GTT Communications from $39.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th.
In related news, Director S Joseph Bruno sold 1,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $40.50, for a total transaction of $40,500.00. Following the sale, the director now owns 108,467 shares of the company’s stock, valued at $4,392,913.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mcmullen Family Trust purchased 60,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $0.65 per share, for a total transaction of $39,000.00. In the last ninety days, insiders have sold 18,000 shares of company stock worth $712,580. Corporate insiders own 25.70% of the company’s stock.
Shares of GTT Communications (NYSE GTT) opened at $44.60 on Tuesday. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $1,898.99, a price-to-earnings ratio of -68.62, a P/E/G ratio of 17.22 and a beta of 1.22. GTT Communications has a 52 week low of $22.95 and a 52 week high of $47.75.
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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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