Fusion Telecommunications International, Inc. (NASDAQ:FSNN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 12th.

According to Zacks, “Fusion Telecommunications is a provider of VoIP (Voice Over Internet Protocol) and other Internet services to, from, in and between emerging markets in Asia, the Middle East, Africa, the Caribbean and Latin America. Fusion currently provides a full suite of communications services to corporations, postal telephone and telegraph companies, international carriers, government entities, Internet service providers and consumers in over 45 countries. “

A number of other research firms have also commented on FSNN. B. Riley began coverage on Fusion Telecommunications International in a research note on Sunday, April 30th. They issued a “buy” rating and a $3.00 price objective on the stock. ValuEngine raised Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 23rd.

Fusion Telecommunications International (NASDAQ:FSNN) opened at 1.25 on Wednesday. The firm’s 50-day moving average is $1.41 and its 200-day moving average is $1.49. The stock’s market cap is $28.02 million. Fusion Telecommunications International has a 1-year low of $0.96 and a 1-year high of $2.15.

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An institutional investor recently raised its position in Fusion Telecommunications International stock. United Capital Financial Advisers LLC boosted its position in shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) by 256.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 134,929 shares of the Wireless communications provider’s stock after buying an additional 97,083 shares during the period. United Capital Financial Advisers LLC owned approximately 0.65% of Fusion Telecommunications International worth $213,000 at the end of the most recent quarter. Institutional investors own 19.52% of the company’s stock.

About Fusion Telecommunications International

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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