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TOWERSTREAM CORP (TWER) downgraded to Sell with price target $3 by Morgan Joseph

Posted on: Tuesday,  Mar 22, 2011  9:25 AM ET by Morgan Joseph

Morgan Joseph rated Sell TOWERSTREAM CORP (NASDAQ: TWER) on 03/22/2011, when the stock price was $3.78. Since
then, TOWERSTREAM CORP has lost 61.38% as of 09/24/2015's recent price of $1.46.
If you would have followed this Morgan Joseph's recommendation on TWER, you would have gained 158.9% of your investment in 1647 days.

Towerstream Corporation (Towerstream) provides fixed wireless broadband services to commercial users based on a monthly recurring revenue model. The Company offers customers high speed Internet access over a fixed wireless network, which supports bandwidth on demand, wireless redundancy, virtual private networks (VPNs), disaster recovery, bundled data and video services. As of December 31, 2008, Towerstream provides service to approximately 1,400 business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas?Fort Worth, Providence and Newport, Rhode Island. The Company offer customers bandwidth connections ranging from 0.5 megabits per second up to 1 gigabit per second.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/22/2011 9:25 AM Sell
3.78 3.00
as of 12/30/2011
1 Week up  11.66 %
1 Month down  -2.41 %
3 Months up  17.18 %
1 YTD up  61.89 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/16/2011 1:33 PM Hold
11/5/2010 10:25 AM Buy
3.14 4.75
3/20/2008 8:25 AM Hold
9/7/2007 9:25 AM Buy
3.25 5.00

(*) Stock Price at the time of the recommendation.
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