IQE plc (OTCMKTS:IQEPF) Given Average Rating of “Hold” by Analysts

IQE plc (OTCMKTS:IQEPFGet Rating) has received a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $42.00.

IQEPF has been the topic of a number of recent research reports. Canaccord Genuity Group cut IQE from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Barclays cut their target price on IQE from GBX 50 ($0.62) to GBX 42 ($0.52) and set an “equal weight” rating on the stock in a report on Wednesday, January 19th. Canaccord Genuity Group cut IQE from a “speculative buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, Zacks Investment Research upgraded IQE from a “sell” rating to a “hold” rating in a research note on Wednesday, January 26th.

Shares of IQEPF opened at $0.35 on Thursday. IQE has a 12-month low of $0.21 and a 12-month high of $0.80. The business’s fifty day moving average is $0.44 and its 200 day moving average is $0.49.

IQE Company Profile (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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