Analysts Set $3.00 Target Price for Fusion Telecommunications International, Inc. (FSNN)
Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $3.00 for the company and are anticipating that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fusion Telecommunications International an industry rank of 117 out of 265 based on the ratings given to related companies.
A number of brokerages have recently issued reports on FSNN. B. Riley reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Fusion Telecommunications International in a research report on Sunday, August 20th. Zacks Investment Research raised shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research report on Tuesday, June 27th. Finally, ValuEngine raised shares of Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 23rd.
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An institutional investor recently raised its position in Fusion Telecommunications International stock. United Capital Financial Advisers LLC increased its position in Fusion Telecommunications International, Inc. (NASDAQ:FSNN) by 256.5% during the first quarter, according to its most recent disclosure with the SEC. The fund 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. 18.80% of the stock is owned by institutional investors.
Fusion Telecommunications International (NASDAQ FSNN) traded down 1.60% during trading on Friday, hitting $1.23. 16,622 shares of the stock were exchanged. The stock’s market cap is $27.68 million. The stock has a 50 day moving average of $1.31 and a 200-day moving average of $1.46. Fusion Telecommunications International has a 52 week low of $0.96 and a 52 week high of $2.02.
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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. Fusion Telecommunications International had a negative net margin of 10.47% and a negative return on equity of 202.95%. The firm had revenue of $38.09 million for the quarter, compared to the consensus estimate of $32.47 million. Equities analysts expect that Fusion Telecommunications International will post ($0.59) EPS for the current fiscal year.
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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