GTT to Acquire Hibernia Networks

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Go back to GTT to Acquire Hibernia Networks

Jefferies Raises Price Target on GTT Communications (GTT) Following 3Q Release

November 10, 2016 9:35 AM EST

Jefferies reiterated a Buy rating on GTT Communications (NYSE: GTT), and raised the price target to $30.00 (from $28.00), following the company's 3Q earnings report. Total revenue of $131.9mn was relatively in line with the Street. Adjusted EBITDA of $32.1mn topped the Street estimates of $30.8mn.... More