Press coverage about GTT Communications (NYSE:GTT) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GTT Communications earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.6486868485184 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of research firms recently weighed in on GTT. Zacks Investment Research raised shares of GTT Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Oppenheimer raised their price target on shares of GTT Communications from $39.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. One investment 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. GTT Communications presently has an average rating of “Buy” and a consensus target price of $40.20.

GTT Communications (GTT) opened at $42.75 on Monday. 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 12-month low of $22.95 and a 12-month high of $47.75. The firm has a market cap of $1,857.70, a PE ratio of -65.77, a P/E/G ratio of 19.54 and a beta of 1.48.

In related news, insider Mcmullen Family Trust acquired 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $0.65 per share, for a total transaction of $39,000.00. Also, General Counsel Chris Mckee sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $39.54, for a total transaction of $276,780.00. Following the sale, the general counsel now owns 487,928 shares of the company’s stock, valued at approximately $19,292,673.12. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 81,000 shares of company stock worth $63,250 and have sold 50,000 shares worth $1,341,960. 25.70% of the stock is 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.

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

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