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

GTT Communications' stock was trading at $11.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GTT stock has decreased by 30.3% and is now trading at $7.95. View which stocks have been mosted impacted by Coronavirus.

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.

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

GTT Communications Inc (NYSE:GTT) released its quarterly earnings results on Monday, March, 2nd. The technology company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by $0.07. The technology company earned $423.90 million during the quarter, compared to analysts' expectations of $422.25 million. GTT Communications had a negative net margin of 6.13% and a negative return on equity of 14.32%. The business's quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the business posted ($0.96) EPS. View GTT Communications' earnings history.

7 brokers have issued 1-year price objectives for GTT Communications' stock. Their forecasts range from $10.00 to $49.00. On average, they anticipate GTT Communications' stock price to reach $23.92 in the next twelve months. This suggests a possible upside of 200.8% from the stock's current price. View analysts' price targets for GTT Communications.

News stories about GTT stock have been trending positive on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog 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 coverage optimism score of 3.0 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutGTT Communications.

GTT Communications saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 12,110,000 shares, a decrease of 5.4% from the February 13th total of 12,800,000 shares. Based on an average daily volume of 712,800 shares, the days-to-cover ratio is presently 17.0 days. Approximately 30.5% of the company's shares are short sold. View GTT Communications' Current Options Chain.

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

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

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

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 $7.95.

GTT Communications has a market capitalization of $451.06 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. 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]