Zacks: Fusion Telecommunications International, Inc. (FSNN) Receives Average Rating of “Strong Buy” from Brokerages
Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has been given an average 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 rating.
Analysts have set a 1 year consensus price objective of $4.00 for the company and are expecting that the company will post ($0.14) EPS for the current quarter, according to Zacks. Zacks has also assigned Fusion Telecommunications International an industry rank of 218 out of 265 based on the ratings given to its competitors.
A number of research analysts have recently weighed in on FSNN shares. B. Riley restated a “buy” rating and set a $3.00 price objective on shares of Fusion Telecommunications International in a research report on Monday, May 8th. ValuEngine upgraded Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 23rd. Zacks Investment Research upgraded Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Tuesday, June 27th. Finally, Craig Hallum restated a “buy” rating and set a $5.00 price objective (up previously from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday.
An institutional investor recently raised its position in Fusion Telecommunications International stock. United Capital Financial Advisers LLC raised its position in shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) by 256.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 0.65% of Fusion Telecommunications International worth $213,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 20.36% of the company’s stock.
Fusion Telecommunications International (NASDAQ FSNN) traded up 18.6021% during mid-day trading on Friday, hitting $3.4276. The stock had a trading volume of 3,759,878 shares. The firm’s 50-day moving average is $1.31 and its 200 day moving average is $1.46. Fusion Telecommunications International has a 12 month low of $0.96 and a 12 month high of $3.46. The company’s market cap is $77.14 million.
Fusion Telecommunications International (NASDAQ:FSNN) last issued its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $38.09 million during the quarter, compared to analyst estimates of $32.47 million. Fusion Telecommunications International had a negative return on equity of 202.95% and a negative net margin of 10.47%. Equities analysts anticipate that Fusion Telecommunications International will post ($0.59) EPS for the current fiscal year.
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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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