BidaskClub downgraded shares of Fusion Telecommunications International (NASDAQ:FSNN) from a sell rating to a strong sell rating in a research note issued to investors on Thursday.

A number of other analysts have also commented on FSNN. Dawson James began coverage on Fusion Telecommunications International in a research report on Tuesday, July 10th. They issued a buy rating for the company. Zacks Investment Research raised Fusion Telecommunications International from a sell rating to a hold rating in a research report on Tuesday, July 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $6.50.

Shares of Fusion Telecommunications International stock opened at $2.90 on Thursday. Fusion Telecommunications International has a one year low of $2.90 and a one year high of $6.63. The stock has a market capitalization of $227.55 million, a P/E ratio of -2.66 and a beta of 1.70. The company has a debt-to-equity ratio of -4.91, a current ratio of 0.49 and a quick ratio of 0.49.

Fusion Telecommunications International (NASDAQ:FSNN) last issued its earnings results on Tuesday, August 14th. The Wireless communications provider reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.15). Fusion Telecommunications International had a negative net margin of 13.39% and a negative return on equity of 147.98%. The firm had revenue of $120.80 million during the quarter, compared to the consensus estimate of $123.57 million. analysts expect that Fusion Telecommunications International will post -0.51 EPS for the current fiscal year.

In other Fusion Telecommunications International news, insider Jonathan Kaufman sold 86,440 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $4.00, for a total transaction of $345,760.00. Following the completion of the sale, the insider now directly owns 26,061 shares of the company’s stock, valued at approximately $104,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 19.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Fusion Telecommunications International by 43.6% during the 1st quarter. BlackRock Inc. now owns 56,098 shares of the Wireless communications provider’s stock worth $181,000 after purchasing an additional 17,046 shares in the last quarter. Amtrust Financial Services Inc. bought a new stake in Fusion Telecommunications International during the 1st quarter worth approximately $103,000. Northern Trust Corp increased its holdings in Fusion Telecommunications International by 83.9% during the 1st quarter. Northern Trust Corp now owns 76,446 shares of the Wireless communications provider’s stock worth $247,000 after purchasing an additional 34,880 shares in the last quarter. KEMPER Corp bought a new stake in Fusion Telecommunications International during the 2nd quarter worth approximately $357,000. Finally, Dimensional Fund Advisors LP increased its holdings in Fusion Telecommunications International by 673.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 108,195 shares of the Wireless communications provider’s stock worth $349,000 after purchasing an additional 94,204 shares in the last quarter. 16.34% of the stock is owned by hedge funds and other institutional investors.

About Fusion Telecommunications International

Fusion Connect, Inc provides integrated cloud solutions to small, medium, and large businesses. Its proprietary service platform enables the integration of solutions in the cloud, including cloud voice and unified communications, contact center, cloud connectivity, and cloud computing, as well as additional cloud services, such as storage and security.

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