Jefferies Initiates GTT Communications At Buy

Analysts at Jefferies initiated coverage on shares of

with a Buy rating. The target price for GTT Communications is set to $16. GTT Communications shares have jumped 88.32% over the past 52 weeks, while the S&P 500 index has gained 11.93% in the same period. GTT Communications' shares rose 0.39% to close at $12.90 yesterday.