Towerstream (TWER) in Focus: Stock Tumbles 6.9%
Towerstream Corporation (TWER) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TWER, as the stock is now down more than 13% since Mar 4, 2014.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
TWER currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the diversified communication services industry include Level 3 Communications, Inc. (LVLT), Nippon Telegraph and Telephone Corporation (NTT) and Telecom Italia S.p.A. (TI). All these stocks hold a Zacks Rank #2 (Buy).
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TOWERSTREAM CORP (TWER): Free Stock Analysis Report
NIPPON TELEGRAPH & TELEP (NTT): Free Stock Analysis Report
LEVEL 3 COMMUNICATIONS INC (LVLT): Free Stock Analysis Report
TELECOM ITALIA SPA (TI): Free Stock Analysis Report
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