News headlines about GTT Communications (NYSE:GTT) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. 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 coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.6982952944782 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of GTT Communications (GTT) opened at $42.95 on Friday. The stock has a market cap of $1,801.21, a PE ratio of 460.56 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 $43.05.

Separately, Zacks Investment Research cut shares of GTT Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. GTT Communications presently has a consensus rating of “Hold” and an average target price of $37.25.

In other GTT Communications news, Director S Joseph Bruno sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $40.50, for a total value of $40,500.00. Following the completion of the sale, the director now owns 108,467 shares in the company, valued at approximately $4,392,913.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Calder sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $31.99, for a total transaction of $319,900.00. Following the completion of the sale, the insider now owns 1,121,006 shares of the company’s stock, valued at approximately $35,860,981.94. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 81,000 shares of company stock valued at $63,250 and have sold 77,000 shares valued at $1,907,290. 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.

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

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