GTT - Shares of GTT Communications Inc. (GTT) Have Fallen Below Previous 52-Week Low
GTT Communications Inc. (NYSE:GTT) traded at a new 52-week low today of $1.37. Approximately 508,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
GTT Communications Inc. (NYSE:GTT) is currently priced 36.9% above its average consensus analyst price target of $0.94.
GTT Communications Inc. share prices have moved between a 52-week high of $10.34 and the current low of $1.37 and are currently at $1.48 per share.
GTT operates a global communications network, providing telecommunications services to large, multinational enterprises, carriers, and governments across five continents. Offerings include wide-area networks, Internet services (including Internet transit), voice, and other transport and infrastructure services. GTT's network consists primarily of leased assets over long-haul routes and connects in over 600 data centers worldwide. The firm uses other carriers for last-mile connections, and its model results in low capital spending needs. GTT relies heavily on acquisitions to expand its footprint. Customers primarily located in the United States account for about 40% of the firm's revenue, with most non-U.S. revenue coming from customers primarily in Europe.
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