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GTT

GTT Communications

$40.40

-6.625 (-14.09%)

08:28
08/06/18
08/06
08:28
08/06/18
08:28

GTT Communications selloff Friday a buying opportunity, says William Blair

William Blair analyst Jim Breen views the 14% pullback in shares of GTT Communications on Friday as a buying opportunity. The analyst understands concerns around the company's recently elevated debt levels to fund the Interoute acquisition, as well as margin weakness and a slight sequential revenue decline in the quarter. The analyst, however, expects GTT to resume organic growth in the second half of the year. Further, with expanding margins and low capital-expenditure requirements, he estimates its free cash flow will continue to increase. Breen keeps an Outperform rating on GTT Communications and notes the Interoute acquisition will nearly double the size of the total company.

  • 07

    Aug

GTT GTT Communications
$40.40

-6.625 (-14.09%)

05/01/18
05/01/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with a Buy at DA Davidson. 2. Spotify (SPOT) initiated with a Neutral at Buckingham. 3. Ares Management (ARES) initiated with an Outperform at Oppenheimer. 4. GTT Communications (GTT) initiated with an Outperform at Raymond James. 5. Electronic Arts (EA) was initiated with an Overweight at JPMorgan while Activision Blizzard (ATVI) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/18
KEYB
05/04/18
UPGRADE
KEYB
Overweight
GTT Communications upgraded to Overweight from Sector Weight at KeyBanc
05/04/18
KEYB
05/04/18
UPGRADE
Target $57
KEYB
Overweight
GTT Communications upgraded to Overweight with $57 target at KeyBanc
KeyBanc analyst Brandon Nispel upgraded GTT Communications to Overweight with a $57 price target. The analyst believes the current valuation offers an attractive entry point. The uncertainty created by the Interoute deal has created an opportunity for investors, Nispel tells investors in a research note.
07/19/18
JEFF
07/19/18
NO CHANGE
Target $62
JEFF
Buy
GTT shares have over 35% upside potential, says Jefferies
Jefferies analyst Scott Goldman believes that with the acquisition of Interoute, GTT Communications has become a "much more formidable enterprise player that continues to gain recognition on a global scale." The analyst views concerns over leverage and organic growth as short-sighted and continues to like the shares at current levels. He sees more than 35% upside potential to his $62 price target and keeps a Buy rating on GTT Communications.

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