News headlines about GTT Communications (NYSE:GTT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GTT Communications earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.0090136810783 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of GTT Communications opened at $47.00 on Friday, according to MarketBeat. GTT Communications has a one year low of $28.30 and a one year high of $62.32. The company has a debt-to-equity ratio of 5.96, a current ratio of 0.94 and a quick ratio of 0.94.

GTT Communications (NYSE:GTT) last issued its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.67). The business had revenue of $260.70 million during the quarter, compared to analysts’ expectations of $253.61 million. GTT Communications had a negative net margin of 9.96% and a negative return on equity of 0.40%. The company’s revenue for the quarter was up 40.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.42) EPS. research analysts predict that GTT Communications will post -1.3 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on GTT shares. Guggenheim started coverage on GTT Communications in a research report on Tuesday, March 13th. They issued a “neutral” rating and a $56.00 target price for the company. Craig Hallum reaffirmed a “buy” rating and issued a $60.00 target price (up previously from $50.00) on shares of GTT Communications in a research report on Monday, February 26th. William Blair reaffirmed a “buy” rating on shares of GTT Communications in a research report on Wednesday, March 28th. Raymond James started coverage on GTT Communications in a research report on Monday, April 30th. They issued an “outperform” rating and a $60.00 target price for the company. Finally, SunTrust Banks upped their target price on GTT Communications to $60.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $57.22.

In related news, insider Richard Calder sold 6,000 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $60.01, for a total value of $360,060.00. Following the completion of the transaction, the insider now owns 1,215,263 shares of the company’s stock, valued at $72,927,932.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Chris Mckee sold 7,000 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $60.00, for a total value of $420,000.00. Following the completion of the transaction, the general counsel now directly owns 438,680 shares of the company’s stock, valued at approximately $26,320,800. The disclosure for this sale can be found here. Insiders sold 39,000 shares of company stock valued at $2,079,720 in the last three months. 25.70% of the stock is currently owned by company insiders.

GTT Communications Company Profile

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.

Insider Buying and Selling by Quarter for GTT Communications (NYSE:GTT)

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