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GTT Communications, Inc. (GTT)

NYSE - NYSE Delayed price. Currency in USD
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3.6900+0.1500 (+4.24%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous close3.5400
Open3.5100
Bid3.6600 x 800
Ask3.7100 x 1400
Day's range3.4950 - 3.7100
52-week range3.3800 - 15.7700
Volume413,668
Avg. volume532,307
Market cap217.044M
Beta (5Y monthly)1.38
PE ratio (TTM)N/A
EPS (TTM)-2.8590
Earnings date08 May 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est10.00
  • Why Shares of GTT Communications Skyrocketed Today
    Motley Fool

    Why Shares of GTT Communications Skyrocketed Today

    GTT Communications (NYSE: GTT) stock spiked today after the company said it had reached a deal to sell its infrastructure division to I Squared Capital. Shares of the technology company jumped by as much as 31% on the news this morning but were up by 8.5% as of 11:38 a.m. EDT. GTT Communications said in a press release that the company is selling its infrastructure division, which consists of its "Pan-European, North American, sub-sea and trans-Atlantic fiber network and data center infrastructure services" for $2.15 billion.

  • Reuters

    GTT to sell infrastructure unit to I Squared for $2.15 billion

    The network opens new markets to I Squared Capital as demand for telecommuting, remote classes and other virtual activities grows during the coronavirus pandemic. GTT said it would use proceeds to pay down the $3.2 billion in long-term debt built up after an acquisition spree over the last decade.GTT had been exploring the sale since last year, which it expected to deliver $370 million to $390 million in revenue with comparable earnings before interest, taxes, depreciation and amortization (EBITDA) of $160 million to $180 million. Fiber-optics are gaining investor interest as wireless providers build out networks for 5G, the next-generation wireless technology.

  • INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against GTT Communications, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm
    Business Wire

    INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against GTT Communications, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

    INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against GTT Communications, Inc.