GTT Communications, Inc. (GTT) Rises A lot Today, Is Now One of The Best Performer

March 14, 2018 - By Adrian Erickson

The stock of GTT Communications, Inc. (NYSE:GTT) is a huge mover today! The stock increased 5.91% or $3.4 during the last trading session, reaching $60.95. About 727,432 shares traded or 124.84% up from the average. GTT Communications, Inc. (NYSE:GTT) has risen 78.59% since March 14, 2017 and is uptrending. It has outperformed by 61.89% the S&P500.
The move comes after 9 months positive chart setup for the $2.73 billion company. It was reported on Mar, 14 by We have $65.22 PT which if reached, will make NYSE:GTT worth $191.24 million more.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on May, 3. They expect $-0.08 earnings per share, down 260.00 % or $0.13 from last year’s $0.05 per share. After $0.04 actual earnings per share reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts -300.00 % negative EPS growth.

GTT Communications, Inc. (NYSE:GTT) Ratings Coverage

Among 10 analysts covering GTT Communications (NYSE:GTT), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. GTT Communications had 23 analyst reports since August 7, 2015 according to SRatingsIntel. Craig Hallum maintained GTT Communications, Inc. (NYSE:GTT) rating on Monday, January 22. Craig Hallum has “Buy” rating and $50.0 target. Suntrust Robinson initiated the shares of GTT in report on Thursday, February 18 with “Buy” rating. The firm has “Overweight” rating by Pacific Crest given on Wednesday, September 16. On Friday, March 2 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Buy” rating on Wednesday, November 4 by Drexel Hamilton. Cowen & Co maintained it with “Buy” rating and $4300 target in Friday, August 4 report. SunTrust maintained it with “Buy” rating and $60.0 target in Thursday, March 1 report. The firm earned “Buy” rating on Wednesday, December 20 by Oppenheimer. KeyBanc Capital Markets downgraded the shares of GTT in report on Thursday, January 18 to “Sector Weight” rating. The company was maintained on Friday, November 3 by SunTrust.

More recent GTT Communications, Inc. (NYSE:GTT) news were published by: which released: “GTT Communications: Interoute Acquisition Biggest In History” on March 06, 2018. Also published the news titled: “GTT Communications’ (GTT) CEO Richard Calder on Q4 2017 Results – Earnings …” on March 01, 2018.‘s news article titled: “GTT Communications Acquires Accelerated Connections For Canadian Expansion” with publication date: March 12, 2018 was also an interesting one.

GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government clients worldwide. The company has market cap of $2.73 billion. It offers private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment, security, and remote access services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services. It currently has negative earnings. The companyÂ’s IP network consists of approximately 250 points of presence.

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