Towerstream Corp. (NASDAQ:TWER) shares were down 3.7% during trading on Thursday . The stock traded as low as $2.53 and last traded at $2.59, with a volume of 195,330 shares traded. The stock had previously closed at $2.69.

Separately, Zacks Investment Research upgraded shares of Towerstream Corp. from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a report on Wednesday, April 20th.

The company has a 50 day moving average of $3.04 and a 200-day moving average of $3.85. The company’s market capitalization is $8.34 million.

Towerstream Corp. (NASDAQ:TWER) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. On average, equities analysts anticipate that Towerstream Corp. will post ($6.60) EPS for the current year.

Towerstream Corporation (Towerstream) is a fourth generation (4G) and small cell rooftop tower company. The Company provides a range of Wireless communication services through its two business segments: Fixed Wireless Services Segment and Shared Wireless Infrastructure Segment. The Company’s fixed Wireless service supports bandwidth on demand, Wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.

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