GTT Communications Inc (NYSE:GTT) CFO Michael Sicoli sold 419 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $40.70, for a total value of $17,053.30. Following the completion of the sale, the chief financial officer now directly owns 398,842 shares in the company, valued at $16,232,869.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Michael Sicoli also recently made the following trade(s):
- On Monday, February 25th, Michael Sicoli sold 1,902 shares of GTT Communications stock. The stock was sold at an average price of $32.43, for a total value of $61,681.86.
- On Thursday, February 21st, Michael Sicoli sold 531 shares of GTT Communications stock. The stock was sold at an average price of $31.06, for a total value of $16,492.86.
- On Tuesday, February 19th, Michael Sicoli sold 570 shares of GTT Communications stock. The stock was sold at an average price of $29.49, for a total value of $16,809.30.
- On Friday, February 1st, Michael Sicoli sold 4,857 shares of GTT Communications stock. The stock was sold at an average price of $26.32, for a total value of $127,836.24.
NYSE GTT opened at $42.89 on Wednesday. GTT Communications Inc has a 12 month low of $21.68 and a 12 month high of $53.10. The company has a debt-to-equity ratio of 7.68, a current ratio of 0.62 and a quick ratio of 0.62.
Several equities research analysts recently weighed in on GTT shares. ValuEngine cut GTT Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research raised GTT Communications from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Tuesday, January 8th. KeyCorp cut their target price on GTT Communications from $57.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. BTIG Research cut their target price on GTT Communications to $49.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Finally, Raymond James cut their target price on GTT Communications from $53.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.63.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://sportsperspectives.com/2019/04/17/insider-selling-gtt-communications-inc-gtt-cfo-sells-419-shares-of-stock.html.
About GTT Communications
GTT Communications, Inc provides cloud networking services to multinational enterprises, carriers, and government customers worldwide. The company provides private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment and security services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services.
Further Reading: What is the LIBOR?
Receive News & Ratings for GTT Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GTT Communications and related companies with MarketBeat.com's FREE daily email newsletter.