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GTT

GTT Communications

$38.30

-0.7 (-1.79%)

07:23
08/21/18
08/21
07:23
08/21/18
07:23

GTT Communications should be bought at current levels, says KeyBanc

KeyBanc analyst Brandon Nispel notes that with GTT Communications down 18.3% since its Q2 report, he finds current levels to be a buying opportunity. The analyst hosted GTT's General Counsel and EVP Chris McKee and came away from the conference more confident that the company will be able to continue pursuing its acquisition strategy to achieve synergies and growth. Nispel reiterates an Overweight rating and $57 price target on the shares.

GTT GTT Communications
$38.30

-0.7 (-1.79%)

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.
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.
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
BWSF
08/06/18
INITIATION
Target $5
BWSF
Sell
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"

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JNJ

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Twilio

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1.27 (1.69%)

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PANW

Palo Alto Networks

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SVA

Sinovac Biotech

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NWN

Northwest Natural Gas

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VFC

VF Corp.

$87.65

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LVS

Las Vegas Sands

$55.84

-0.32 (-0.57%)

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OXY

Occidental Petroleum

$72.24

-4.69 (-6.10%)

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AVMXY

Avita Medical

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(0.00%)

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FB

Facebook

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JBHT

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$111.78

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SHLD

Sears

$0.31

-0.0901 (-22.52%)

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WAB

Wabtec

$97.03

1.63 (1.71%)

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TGE

Tallgrass Energy

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0.17 (0.72%)

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DIS

Disney

$113.47

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, GOOG

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$1,092.00

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HMC

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MSFT

Microsoft

$107.60

-1.94 (-1.77%)

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OII

Oceaneering

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0.4 (1.58%)

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JOE

Saint Joe Co.

$15.28

0.01 (0.07%)

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PBR

Petrobras

$15.41

0.055 (0.36%)

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ADBE

Adobe

$238.05

-10.84 (-4.36%)

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