NYSE:GTT - GTT Communications Stock Price, Forecast & News

GTT Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTT."

GTT Communications Inc (NYSE:GTT) posted its earnings results on Tuesday, November, 12th. The technology company reported ($0.46) EPS for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.25. The technology company earned $420 million during the quarter, compared to analyst estimates of $425.70 million. GTT Communications had a negative net margin of 7.95% and a negative return on equity of 13.24%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.43) EPS. View GTT Communications' Earnings History.

GTT Communications is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for GTT Communications.

7 equities research analysts have issued 1 year price targets for GTT Communications' shares. Their forecasts range from $9.00 to $49.00. On average, they anticipate GTT Communications' stock price to reach $25.21 in the next twelve months. This suggests a possible upside of 116.1% from the stock's current price. View Analyst Price Targets for GTT Communications.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GTT Communications in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for GTT Communications.

News headlines about GTT stock have trended neutral recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. GTT Communications earned a news impact score of 0.5 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for GTT Communications.

GTT Communications saw a increase in short interest in November. As of November 15th, there was short interest totalling 14,030,000 shares, an increase of 6.9% from the October 31st total of 13,120,000 shares. Based on an average daily trading volume, of 787,000 shares, the days-to-cover ratio is currently 17.8 days. Currently, 35.9% of the shares of the stock are sold short. View GTT Communications' Current Options Chain.

Some companies that are related to GTT Communications include Shenandoah Telecommunications (SHEN), Spirent Communications (SPMYY), Vonage (VG), CHORUS LTD/S (CHRYY), TALKTALK TELECO/ADR (TKTCY), Liberty Braves Group Series C (BATRK), SMARTONE TELECO/S (STTFY), ATN International (ATNI), Cincinnati Bell (CBB), LICT (LICT), Hong Kong Television Network (HKTVY), Consolidated Communications (CNSL), Atento (ATTO), IDT (IDT) and Alaska Communications Systems Group (ALSK).

Based on aggregate information from My MarketBeat watchlists, some companies that other GTT Communications investors own include Marvell Technology Group (MRVL), Cisco Systems (CSCO), Alibaba Group (BABA), Canopy Growth (CGC), Bristol-Myers Squibb (BMY), Model N (MODN), Skyworks Solutions (SWKS), Bank of America (BAC), Ford Motor (F) and Macy's (M).

GTT Communications' stock is owned by a number of of institutional and retail investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (2.60%), State Street Corp (1.37%), Barclays PLC (0.39%), Granahan Investment Management Inc. MA (0.14%), Millennium Management LLC (0.11%) and California Public Employees Retirement System (0.10%). Company insiders that own GTT Communications stock include Chris Mckee, Conifer Management, LLC, Elizabeth Satin, H Brian Thompson, Howard E Janzen, Julius W Erving II, Michael Sicoli, Nicola Adamo, Richard Calder, S Joseph Bruno, Spruce House Partnership Lp and Theodore B Smith III. View Institutional Ownership Trends for GTT Communications.

GTT stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC, Millennium Management LLC, First Trust Advisors LP, State Street Corp and Voya Investment Management LLC. Company insiders that have sold GTT Communications company stock in the last year include Chris Mckee, Conifer Management, LLC, H Brian Thompson, Michael Sicoli and Richard Calder. View Insider Buying and Selling for GTT Communications.

GTT stock was purchased by a variety of institutional investors in the last quarter, including J.P. Marvel Investment Advisors LLC, Oppenheimer & Co. Inc., First Allied Advisory Services Inc., Adalta Capital Management LLC, Gilder Gagnon Howe & Co. LLC, California Public Employees Retirement System and Granahan Investment Management Inc. MA. Company insiders that have bought GTT Communications stock in the last two years include Chris Mckee, Conifer Management, LLC, Elizabeth Satin, H Brian Thompson, Howard E Janzen, Julius W Erving II, Michael Sicoli, Nicola Adamo, Richard Calder, Spruce House Partnership Lp and Theodore B Smith III. View Insider Buying and Selling for GTT Communications.

Shares of GTT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of GTT stock can currently be purchased for approximately $11.67.

GTT Communications has a market capitalization of $661.12 million and generates $1.49 billion in revenue each year. The technology company earns $-243,400,000.00 in net income (profit) each year or ($1.59) on an earnings per share basis. GTT Communications employs 3,200 workers across the globe.View Additional Information About GTT Communications.

The official website for GTT Communications is http://www.gtt.net/.

GTT Communications' mailing address is 7900 TYSONS ONE PLACE SUITE 1450, MCLEAN VA, 22102. The technology company can be reached via phone at 703-442-5500 or via email at [email protected]