The Insider, Richard Calder Sold 6,000 Shares of GTT Communications, Inc. (GTT); Shorts at INTER PIPELINE LTD (IPPLF) Raised By 10.56%

Richard Calder, an insider and also President and CEO of the public company Gtt Communications Inc made trade. He sold 6,000 shares of the corporation with Richard Calder’s sale worth $258,624 U.S Dollars – totalled based on $43.1 per each share. Richard Calder now possess 4.02% of the Company’s market cap with ownership of 1.75 million shares. 

INTER PIPELINE LTD (OTCMKTS:IPPLF) had an increase of 10.56% in short interest. IPPLF’s SI was 1.93M shares in January as released by FINRA. Its up 10.56% from 1.75 million shares previously. With 25,600 avg volume, 76 days are for INTER PIPELINE LTD (OTCMKTS:IPPLF)’s short sellers to cover IPPLF’s short positions. The stock decreased 1.44% or $0.299 during the last trading session, reaching $20.469. About 1,627 shares traded. Inter Pipeline Ltd. (OTCMKTS:IPPLF) has 0.00% since January 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 8 analysts covering GTT Communications (NYSE:GTT), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. GTT Communications has $52.0 highest and $27 lowest target. $40.43’s average target is -4.53% below currents $42.35 stock price. GTT Communications had 19 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of GTT Communications, Inc. (NYSE:GTT) has “Buy” rating given on Thursday, February 18 by Suntrust Robinson. Cowen & Co maintained the stock with “Buy” rating in Wednesday, October 18 report. KeyBanc Capital Markets maintained it with “Buy” rating and $38.0 target in Tuesday, October 3 report. The stock has “Buy” rating by Drexel Hamilton on Wednesday, November 4. Jefferies maintained GTT Communications, Inc. (NYSE:GTT) rating on Wednesday, October 25. Jefferies has “Buy” rating and $41.0 target. On Friday, August 7 the stock rating was maintained by Pacific Crest with “Overweight”. The rating was initiated by Cowen & Co with “Outperform” on Monday, October 12. The firm earned “Buy” rating on Friday, August 4 by Cowen & Co. The firm earned “Buy” rating on Tuesday, December 13 by Suntrust Robinson. SunTrust maintained GTT Communications, Inc. (NYSE:GTT) on Wednesday, December 6 with “Buy” rating.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on March, 14. They expect $-0.13 earnings per share, down 550.00% or $0.11 from last year’s $-0.02 per share. After $0.04 actual earnings per share reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts -425.00% negative EPS growth.

The stock decreased 2.64% or $1.15 during the last trading session, reaching $42.35. About 215,477 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 78.59% since January 18, 2017 and is uptrending. It has outperformed by 61.89% the S&P500.

GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government clients worldwide. The company has market cap of $1.84 billion. It offers private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment, security, and remote access services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services. It currently has negative earnings. The companyÂ’s IP network consists of approximately 250 points of presence.

Inter Pipeline Ltd. engages in the petroleum transportation, natural gas liquids processing, and bulk liquid storage businesses in Canada and Europe. The company has market cap of $7.62 billion. The firm operates through four divisions: Oil Sands Transportation, Conventional Oil Pipelines, Natural Gas Liquids Processing, and Bulk Liquid Storage. It has a 18.51 P/E ratio. The Oil Sands Transportation segment transports petroleum products, such as bitumen blend and diluent through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity.

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