What Will Happen to GTT Communications, Inc. (GTT) Next? The Stock Just Increased A Lot

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 Barchart.com. 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. The rating was maintained by Oppenheimer on Tuesday, June 27 with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Tuesday, October 3. Cowen & Co maintained the stock with “Buy” rating in Friday, August 4 report. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Oppenheimer on Thursday, August 10. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Jefferies on Thursday, August 3. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Tuesday, December 13 by Suntrust Robinson. The company was maintained on Wednesday, October 18 by Cowen & Co. Craig Hallum maintained GTT Communications, Inc. (NYSE:GTT) on Monday, January 22 with “Buy” rating. The rating was upgraded by Drexel Hamilton to “Buy” on Wednesday, November 4. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Friday, March 2 by Cowen & Co.

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