Fusion Telecommunications International, Inc. (FSNN) Receives Average Rating of “Strong Buy” from Brokerages
Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $3.00 for the company and are anticipating that the company will post ($0.17) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fusion Telecommunications International an industry rank of 207 out of 265 based on the ratings given to its competitors.
Several research firms have recently weighed in on FSNN. B. Riley began coverage on Fusion Telecommunications International in a research report on Tuesday, April 25th. They issued a “buy” rating and a $3.00 price objective for the company. ValuEngine raised Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research raised Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research report on Tuesday, June 27th.
A hedge fund recently raised its stake 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 filing with the SEC. The institutional investor 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 SEC filing. 19.52% of the stock is currently owned by institutional investors.
Fusion Telecommunications International (NASDAQ:FSNN) opened at 1.18 on Friday. Fusion Telecommunications International has a 12 month low of $0.96 and a 12 month high of $2.02. The firm’s 50-day moving average is $1.37 and its 200-day moving average is $1.48. The firm’s market capitalization is $26.45 million.
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About Fusion Telecommunications International
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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