Shares of Towerstream Corp. (NASDAQ:TWER) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $4.00 for the company and are predicting that the company will post ($1.19) EPS for the current quarter, according to Zacks. Zacks has also given Towerstream Corp. an industry rank of 200 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Towerstream Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
Shares of Towerstream Corp. (NASDAQ:TWER) opened at 1.27 on Friday. The company’s 50 day moving average price is $1.74 and its 200-day moving average price is $2.96. The stock’s market capitalization is $5.78 million. Towerstream Corp. has a 12 month low of $1.18 and a 12 month high of $20.60.
Towerstream Corp. (NASDAQ:TWER) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($1.38) earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that Towerstream Corp. will post ($5.77) earnings per share 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.
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