IQE plc (OTCMKTS:IQEPF) Receives Average Rating of “Hold” from Brokerages

IQE plc (OTCMKTS:IQEPFGet Rating) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $42.00.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group downgraded shares of IQE from a “speculative buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Canaccord Genuity Group cut shares of IQE from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Barclays decreased their price objective on shares of IQE from GBX 50 ($0.65) to GBX 42 ($0.55) and set an “equal weight” rating on the stock in a research note on Wednesday, January 19th. Finally, Zacks Investment Research raised shares of IQE from a “sell” rating to a “hold” rating in a research note on Wednesday, January 26th.

IQEPF opened at $0.43 on Friday. IQE has a 12 month low of $0.21 and a 12 month high of $0.95. The company has a fifty day simple moving average of $0.49 and a 200 day simple moving average of $0.51.

About IQE (Get Rating)

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.

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