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GTT

GTT Communications

$39.40

-1 (-2.48%)

10:13
08/06/18
08/06
10:13
08/06/18
10:13

BWS starts GTT Communications with Sell rating, $5 price target

BWS Financial analyst Hamed Khorsand initiated coverage of GTT Communications with a Sell rating and $5 price target. The stock in morning trading is down 5.5%, or $2.23, to $38.18. GTT "has been rolling up Internet backbone companies in an effort to enhance its scale and presence in the industry, but it has come at a cost they can no longer afford," Khorsand tells investors in a research note. The analyst points out that GTT over 11 years has completed over 30 acquisitions. The company now has $3.2B in debt and has yet to report quarter where cash flow from operations would be able to cover capex, interest expense, and enough to make a principal debt payment, according to Khorsand. He believes the company's debt balance "could leave little value for the equity"

  • 07

    Aug

GTT GTT Communications
$39.40

-1 (-2.48%)

08/06/18
BWSF
08/06/18
INITIATION
Target $5
BWSF
Sell
GTT Communications initiated with a Sell at BWS Financial
Target $5.
08/06/18
WBLR
08/06/18
NO CHANGE
WBLR
Outperform
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.
07/19/18
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.
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.

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