Brokerages Set $2.00 Target Price for Towerstream Corp. (TWER)
Towerstream Corp. (NASDAQ:TWER) has been given 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 rating.
Analysts have set a 12-month consensus price objective of $2.00 for the company and are forecasting that the company will post ($0.79) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Towerstream Corp. an industry rank of 25 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Towerstream Corp. from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research report on Tuesday, November 22nd.
Shares of Towerstream Corp. (NASDAQ:TWER) traded up 4.11% during trading on Tuesday, reaching $0.38. The company had a trading volume of 1,999,142 shares. The stock’s market capitalization is $3.36 million. The stock’s 50-day moving average price is $1.00 and its 200-day moving average price is $2.37. Towerstream Corp. has a 12 month low of $0.34 and a 12 month high of $11.40.
Towerstream Corp. (NASDAQ:TWER) last announced its quarterly earnings results on Monday, November 14th. The company reported ($1.00) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.19) by $0.19. Towerstream Corp. had a negative return on equity of 1,151.39% and a negative net margin of 115.28%. Equities analysts forecast that Towerstream Corp. will post ($5.77) earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece of content was first published by Financial Market News and is owned by of Financial Market News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be accessed at http://www.financial-market-news.com/brokerages-set-2-00-target-price-for-towerstream-corp-twer/1208556/.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Towerstream Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Towerstream Corp. and related companies with MarketBeat.com's FREE daily email newsletter.