GTT Communications Inc (NYSE:GTT) General Counsel Chris Mckee sold 7,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $60.00, for a total value of $420,000.00. Following the completion of the sale, the general counsel now directly owns 438,680 shares of the company’s stock, valued at approximately $26,320,800. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Chris Mckee also recently made the following trade(s):
- On Thursday, February 15th, Chris Mckee sold 7,000 shares of GTT Communications stock. The stock was sold at an average price of $45.85, for a total value of $320,950.00.
Shares of GTT Communications Inc (GTT) traded down $0.10 on Friday, reaching $60.00. The company’s stock had a trading volume of 53,051 shares, compared to its average volume of 331,260. GTT Communications Inc has a 12 month low of $22.95 and a 12 month high of $62.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.34. The firm has a market cap of $2,732.09, a PE ratio of -42.86, a P/E/G ratio of 49.76 and a beta of 1.10.
A number of analysts have commented on the company. Zacks Investment Research cut GTT Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Oppenheimer lifted their price target on GTT Communications from $39.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. Jefferies Group lifted their price target on GTT Communications to $62.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. SunTrust Banks lifted their price target on GTT Communications to $60.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $50.00 price target (up previously from $40.00) on shares of GTT Communications in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $56.86.
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About GTT Communications
GTT Communications, Inc provides cloud networking services to a range of clients. The Company offers a portfolio of global communications services, wide area network (WAN) services; Internet services; managed network and security services, and voice and unified communication services. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients.
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