Is This Stock a Screaming Buy: GTT Communications, Inc. (NYSE:GTT)

Equity Research firms currently have a positive stance on shares of GTT Communications, Inc. (NYSE:GTT). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $30.40 on a short term basis.

At the time of writing, the stock was trading at $24.01. This represents a change from the opening price of -0.21%. In terms of performance, year to date, the stock is 40.62%. The monthly stock performance comes in at 5.54%. For the quarter, shares are performing at 20.43%. Weekly performance analysis shows the equity at 3.36%.

In taking a look at technical levels, shares are trading 10.63% away from the 50 day simple moving average and 34.14% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -4.47% away from it’s 52- week high and 95.04% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, GTT Communications, Inc.’s RSI stands at 65.31. In looking at volatility levels, the shares saw weekly volatility of 2.31% and 2.80% over the past month.

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