Zacks: Towerstream Corp. (NASDAQ:TWER) Given Average Recommendation of “Strong Buy” by Analysts

Towerstream Corp. (NASDAQ:TWER) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $4.00 for the company and are forecasting that the company will post ($1.19) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Towerstream Corp. an industry rank of 51 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Towerstream Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

Towerstream Corp. (NASDAQ:TWER) opened at 1.28 on Monday. The company’s market capitalization is $5.82 million. The firm’s 50-day moving average is $2.14 and its 200-day moving average is $3.17. Towerstream Corp. has a 52-week low of $1.25 and a 52-week high of $22.40.

Towerstream Corp. (NASDAQ:TWER) last issued its earnings results on Tuesday, August 9th. The company reported ($1.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.60) by $0.22. Towerstream Corp. had a negative return on equity of 1,151.39% and a negative net margin of 122.42%. On average, equities research analysts forecast that Towerstream Corp. will post ($5.77) EPS for the current year.

Towerstream Corp. Company Profile

Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.

5 Day Chart for NASDAQ:TWER

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