Shares of Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $4.50 for the company and are expecting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also given Fusion Telecommunications Int'l an industry rank of 217 out of 265 based on the ratings given to its competitors.

FSNN has been the topic of several research analyst reports. B. Riley reiterated a “buy” rating and set a $3.00 price target on shares of Fusion Telecommunications Int'l in a research note on Sunday, August 20th. ValuEngine upgraded shares of Fusion Telecommunications Int'l from a “strong sell” rating to a “sell” rating in a research note on Monday, August 28th. Craig Hallum reiterated a “buy” rating and set a $5.00 price target (up from $3.00) on shares of Fusion Telecommunications Int'l in a research note on Wednesday, August 30th. Finally, Zacks Investment Research upgraded shares of Fusion Telecommunications Int'l from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Monday, September 4th.

Shares of Fusion Telecommunications Int'l (NASDAQ:FSNN) traded down $0.02 on Wednesday, hitting $3.66. 175,462 shares of the stock were exchanged, compared to its average volume of 244,250. Fusion Telecommunications Int'l has a fifty-two week low of $1.11 and a fifty-two week high of $4.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 165.01.

In related news, major shareholder Asa Apptix sold 187,914 shares of Fusion Telecommunications Int'l stock in a transaction on Monday, September 18th. The shares were sold at an average price of $3.00, for a total transaction of $563,742.00. Following the sale, the insider now directly owns 2,510,012 shares in the company, valued at approximately $7,530,036. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,063,669 shares of company stock worth $2,996,708 over the last quarter. 19.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in Fusion Telecommunications Int'l in the third quarter valued at $1,041,000. EAM Investors LLC acquired a new position in Fusion Telecommunications Int'l in the third quarter valued at $575,000. B. Riley Financial Inc. acquired a new position in Fusion Telecommunications Int'l in the second quarter valued at $145,000. Engineers Gate Manager LP acquired a new position in Fusion Telecommunications Int'l in the third quarter valued at $189,000. Finally, JPMorgan Chase & Co. acquired a new position in Fusion Telecommunications Int'l in the third quarter valued at $162,000. Institutional investors own 23.11% of the company’s stock.

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About Fusion Telecommunications Int'l

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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