GTT Communications (NYSE:GTT) Given News Sentiment Score of 0.15
News coverage about GTT Communications (NYSE:GTT) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. GTT Communications earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.8871363614072 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- See what the IHS Markit Score report has to say about GTT Communications Inc. (finance.yahoo.com)
- The Priceline Group Inc. (NASDAQ:PCLN) To Release Earnings (wpsuperfanboy.com)
- Priceline Stock Stumbles Lower on Weak Q3 Guidance (leisuretravelaid.com)
- GTT Communications Inc (NYSE:GTT) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- GTT Communications, Inc. :GTT-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
A number of equities research analysts have recently issued reports on GTT shares. Cowen and Company lifted their price target on shares of GTT Communications from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. BidaskClub downgraded GTT Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded GTT Communications from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $35.14.
Shares of GTT Communications (NYSE:GTT) opened at 29.45 on Friday. GTT Communications has a 1-year low of $19.86 and a 1-year high of $34.20. The stock’s market capitalization is $1.22 billion. The firm has a 50-day moving average of $30.98 and a 200 day moving average of $28.84.
GTT Communications (NYSE:GTT) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. GTT Communications had a negative net margin of 1.88% and a positive return on equity of 4.17%. The company had revenue of $186.20 million for the quarter, compared to analyst estimates of $186.65 million. The business’s revenue for the quarter was up 44.5% on a year-over-year basis. On average, equities analysts anticipate that GTT Communications will post ($0.44) earnings per share for the current fiscal year.
In related news, General Counsel Chris Mckee sold 7,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $30.37, for a total value of $212,590.00. Following the transaction, the general counsel now directly owns 418,457 shares in the company, valued at approximately $12,708,539.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Calder sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $32.86, for a total transaction of $328,600.00. Following the completion of the transaction, the insider now owns 1,171,042 shares in the company, valued at $38,480,440.12. The disclosure for this sale can be found here. Insiders sold a total of 69,000 shares of company stock worth $2,166,110 over the last quarter. 25.70% of the stock is currently owned by company 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.
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