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Shares of Fusion Telecommunications Int’l, Inc. (NASDAQ:FSNN) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $4.50 for the company and are anticipating that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fusion Telecommunications Int’l an industry rank of 216 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $3.00 target price on shares of Fusion Telecommunications Int’l in a research note on Sunday, September 3rd. Zacks Investment Research lowered Fusion Telecommunications Int’l from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Finally, ValuEngine lowered Fusion Telecommunications Int’l from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

Shares of Fusion Telecommunications Int’l (NASDAQ:FSNN) opened at $3.71 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 165.01. Fusion Telecommunications Int’l has a 12 month low of $1.11 and a 12 month high of $4.08. The stock has a market capitalization of $78.73, a PE ratio of -4.64 and a beta of 2.06.

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new position in shares of Fusion Telecommunications Int’l in the 3rd quarter worth approximately $1,041,000. EAM Investors LLC acquired a new position in shares of Fusion Telecommunications Int’l in the 3rd quarter worth approximately $575,000. B. Riley Financial Inc. acquired a new position in shares of Fusion Telecommunications Int’l in the 2nd quarter worth approximately $145,000. Engineers Gate Manager LP acquired a new position in shares of Fusion Telecommunications Int’l in the 3rd quarter worth approximately $189,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Fusion Telecommunications Int’l in the 3rd quarter worth approximately $162,000. Hedge funds and other institutional investors own 23.09% of the company’s stock.

About Fusion Telecommunications Int’l

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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