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.

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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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