Litchfield Hills Research Predicts Lower Earnings for iQSTEL

iQSTEL Inc. (NASDAQ:IQST) – Equities research analysts at Litchfield Hills Research reduced their Q4 2027 earnings per share (EPS) estimates for shares of iQSTEL in a report issued on Monday, April 20th. Litchfield Hills Research analyst B. Sine now forecasts that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for iQSTEL’s current full-year earnings is ($0.49) per share.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of iQSTEL in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, iQSTEL presently has a consensus rating of “Hold” and an average target price of $18.00.

iQSTEL Stock Up 3.9%

NASDAQ IQST opened at $1.58 on Wednesday. The stock has a market cap of $8.01 million and a PE ratio of -0.84. iQSTEL has a fifty-two week low of $1.46 and a fifty-two week high of $18.68. The business has a 50 day moving average price of $1.84 and a two-hundred day moving average price of $3.29.

Hedge Funds Weigh In On iQSTEL

Several institutional investors and hedge funds have recently made changes to their positions in the business. DRW Securities LLC boosted its stake in shares of iQSTEL by 74.2% during the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after buying an additional 13,628 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of iQSTEL during the 2nd quarter valued at approximately $148,000. Finally, Geode Capital Management LLC purchased a new position in shares of iQSTEL during the 2nd quarter valued at approximately $288,000.

iQSTEL Company Profile

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.