Shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $3.00 for the company and are forecasting that the company will post ($0.19) EPS for the current quarter, according to Zacks. Zacks has also assigned Fusion Telecommunications International an industry rank of 94 out of 265 based on the ratings given to related companies.
Several equities analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $3.00 target price on shares of Fusion Telecommunications International in a research note on Saturday, May 13th. ValuEngine raised Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 23rd.
Fusion Telecommunications International (NASDAQ FSNN) traded down 2.14% during mid-day trading on Monday, hitting $1.37. The company had a trading volume of 26,663 shares. The company’s market capitalization is $30.70 million. The company has a 50-day moving average price of $1.50 and a 200 day moving average price of $1.52. Fusion Telecommunications International has a 52-week low of $0.96 and a 52-week high of $2.46.
Fusion Telecommunications International (NASDAQ:FSNN) last posted its earnings results on Monday, March 20th. The Wireless communications provider reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.05. Fusion Telecommunications International had a negative return on equity of 164.53% and a negative net margin of 10.96%. The firm had revenue of $28.94 million for the quarter. On average, analysts forecast that Fusion Telecommunications International will post ($0.64) EPS for the current fiscal year.
An institutional investor recently raised its position in Fusion Telecommunications International stock. United Capital Financial Advisers LLC boosted its stake in Fusion Telecommunications International, Inc. (NASDAQ:FSNN) by 256.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,929 shares of the Wireless communications provider’s stock after buying an additional 97,083 shares during the period. United Capital Financial Advisers LLC owned approximately 0.65% of Fusion Telecommunications International worth $213,000 as of its most recent filing with the SEC. 19.52% of the stock is owned by institutional investors.
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Fusion Telecommunications International Company Profile
Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.
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