Sequans Communications (NYSE:SQNS) Upgraded by StockNews.com to “Hold” Rating

Sequans Communications (NYSE:SQNS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Roth Mkm reissued a “buy” rating and issued a $7.50 price target on shares of Sequans Communications in a report on Monday, August 26th.

Sequans Communications Stock Up 6.8 %

SQNS stock opened at $2.82 on Tuesday. Sequans Communications has a 1-year low of $0.85 and a 1-year high of $7.43. The stock has a market cap of $70.13 million, a price-to-earnings ratio of 2.00 and a beta of 0.28. The company has a current ratio of 1.36, a quick ratio of 0.20 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $2.53 and its 200 day moving average is $1.84.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings data on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share for the quarter, meeting the consensus estimate of ($0.30). The firm had revenue of $9.68 million for the quarter, compared to analysts’ expectations of $9.70 million. Sequans Communications had a net margin of 138.26% and a return on equity of 403.46%. Sell-side analysts predict that Sequans Communications will post -1.48 EPS for the current fiscal year.

About Sequans Communications

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.