NYSE:GTTGTT Communications Stock Price, Forecast & News

GTT Communications' stock was trading at $11.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GTT stock has decreased by 21.3% and is now trading at $8.97. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GTT Communications in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for GTT Communications.

GTT Communications is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for GTT Communications.

GTT Communications Inc (NYSE:GTT) announced its quarterly earnings results on Friday, May, 8th. The technology company reported ($1.45) EPS for the quarter, missing the Zacks' consensus estimate of ($0.26) by $1.19. The technology company had revenue of $424.70 million for the quarter, compared to analyst estimates of $427.93 million. GTT Communications had a negative return on equity of 27.24% and a negative net margin of 9.51%. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.49) EPS. View GTT Communications' earnings history.

6 brokers have issued 1-year target prices for GTT Communications' shares. Their forecasts range from $7.00 to $40.00. On average, they expect GTT Communications' share price to reach $16.80 in the next twelve months. This suggests a possible upside of 87.3% from the stock's current price. View analysts' price targets for GTT Communications.

News headlines about GTT stock have trended neutral this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by monitoring 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 closest to five being the most favorable. GTT Communications earned a news sentiment score of 0.4 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutGTT Communications.

Some companies that are related to GTT Communications include Spirent Communications (SPMYY), TALKTALK TELECO/ADR (TKTCY), SMARTONE TELECO/S (STTFY), ATN International (ATNI), Anterix (ATEX), Liberty Braves Group Series C (BATRK), Cincinnati Bell (CBB), Consolidated Communications (CNSL), Hong Kong Television Network (HKTVY), LICT (LICT), IDT (IDT), Alaska Communications Systems Group (ALSK), Atento (ATTO), Crexendo (CXDO) and Liberty Braves Group Series B (BATRB). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other GTT Communications investors own include Marvell Technology Group (MRVL), Coty (COTY), Exxon Mobil (XOM), Alibaba Group (BABA), Energy Transfer LP Unit (ET), Canopy Growth (CGC), Cisco Systems (CSCO), Roku (ROKU), AT&T (T) and American Airlines Group (AAL).

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

GTT Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.81%), Federated Hermes Inc. (1.83%), MFN Partners Management LP (1.42%), State Street Corp (1.41%), Mic Capital Partners Public US IM LLC (1.37%) and Morgan Stanley (1.22%). Company insiders that own GTT Communications stock include Chris Mckee, Conifer Management, LLC, H Brian Thompson, Howard E Janzen, Julius W Erving II, Michael Sicoli, 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 MFN Partners Management LP, Mic Capital Partners Public US IM LLC, BlackRock Inc., State Street Corp, JS Capital Management LLC, UBS Group AG, Adalta Capital Management LLC, and Bank of New York Mellon Corp. 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 activity for GTT Communications.

GTT stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Federated Hermes Inc., Nuveen Asset Management LLC, Jane Street Group LLC, Alliancebernstein L.P., Invesco Ltd., and Geode Capital Management LLC. Company insiders that have bought GTT Communications stock in the last two years include Chris Mckee, Conifer Management, LLC, H Brian Thompson, Howard E Janzen, Julius W Erving II, Michael Sicoli, Richard Calder, Spruce House Partnership Lp, and Theodore B Smith III. View insider buying and selling activity 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 $8.97.

GTT Communications has a market capitalization of $527.62 million and generates $1.73 billion in revenue each year. The technology company earns $-105,900,000.00 in net income (profit) each year or ($0.68) on an earnings per share basis. GTT Communications employs 3,100 workers across the globe.

The official website for GTT Communications is 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]