Fusion Telecommunications International, Inc. (NASDAQ:FSNN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

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. “

FSNN has been the topic of a number of other reports. B. Riley reiterated a “buy” rating and set a $3.00 price objective on shares of Fusion Telecommunications International in a research note on Tuesday, August 29th. Craig Hallum restated a “buy” rating and issued a $5.00 target price (up from $3.00) on shares of Fusion Telecommunications International in a research note on Wednesday, August 30th. Finally, ValuEngine upgraded shares of Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research note on Monday, August 28th.

Fusion Telecommunications International (FSNN) opened at $2.85 on Thursday. The company has a debt-to-equity ratio of 21.55, a quick ratio of 0.49 and a current ratio of 0.49. Fusion Telecommunications International has a one year low of $1.11 and a one year high of $3.57.

ILLEGAL ACTIVITY NOTICE: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2017/11/18/fusion-telecommunications-international-inc-fsnn-rating-lowered-to-sell-at-zacks-investment-research.html.

In other Fusion Telecommunications International news, major shareholder Asa Apptix sold 187,914 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $3.00, for a total value of $563,742.00. Following the completion of the sale, the insider now directly owns 2,510,012 shares in the company, valued at $7,530,036. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Unterberg Capital Llc sold 745,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $2.12, for a total transaction of $1,579,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,204,017 shares of company stock valued at $8,786,629. 19.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FSNN. B. Riley Financial Inc. acquired a new stake in Fusion Telecommunications International in the second quarter valued at approximately $145,000. Russell Investments Group Ltd. acquired a new stake in Fusion Telecommunications International in the third quarter valued at approximately $1,041,000. EAM Investors LLC acquired a new stake in Fusion Telecommunications International in the third quarter valued at approximately $575,000. FNY Partners Fund LP purchased a new position in shares of Fusion Telecommunications International in the third quarter worth $135,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Fusion Telecommunications International in the third quarter worth $162,000. Institutional investors own 22.09% of the company’s stock.

Fusion Telecommunications International Company Profile

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.

Receive News & Stock Ratings for Fusion Telecommunications International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fusion Telecommunications International Inc. and related stocks with our FREE daily email newsletter.