Shares of Towerstream Corp. (NASDAQ:TWER) were up 7.6% on Thursday . The stock traded as high as $2.69 and last traded at $2.69, with a volume of 186,045 shares changing hands. The stock had previously closed at $2.50.

Separately, Zacks Investment Research upgraded Towerstream Corp. from a “hold” rating to a “buy” rating and set a $0.25 target price on the stock in a research note on Wednesday, April 20th.

The company’s 50 day moving average price is $2.88 and its 200-day moving average price is $3.75. The firm’s market capitalization is $8.91 million.

Towerstream Corp. (NASDAQ:TWER) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. On average, equities analysts predict 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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