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Towerstream Corporation (NASDAQ:TWER) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Only yesterday Towerstream Corporation (NASDAQ:TWER) traded -4.72% lower at $1.22. The company’s 50-day moving average is $1.74 and its 200-day moving average is $2.96. The last closing price is down -59.17% relative to the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the date range. Trade Volume was down over the average, with 274,748 shares of TWER changing hands under the typical 535,848

Zacks Investment Research has downgraded Towerstream Corporation (NASDAQ:TWER) to Hold in a report released on Wednesday October 12, 2016.

Performance Chart

Towerstream Corporation (NASDAQ:TWER)

Towerstream Corporation has 52 week low of $1.18 and a 52 week high of $20.60 and has a market cap of $0.

Brief Synopsis About Towerstream Corporation (NASDAQ:TWER)

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. Towerstream installs equipment on the rooftops of the buildings in which the Fixed Wireless segment customers operate and refer to these as Customer Locations. This equipment includes receivers and antennas, and a wireless connection is established between the Customer Location to one or more of its points of presence (PoPs). It provides fixed wireless broadband services to commercial customers and delivers access over a Wireless network transmitting over both regulated and unregulated radio spectrum. It provides services to business customers in various locations, including New York City, Boston, Chicago and Houston.

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