Sequans Communications (NYSE:SQNS) Upgraded at StockNews.com

StockNews.com upgraded shares of Sequans Communications (NYSE:SQNS) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

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

Sequans Communications Stock Performance

Shares of Sequans Communications stock opened at $2.65 on Tuesday. The business’s fifty day simple moving average is $2.54 and its 200 day simple moving average is $1.86. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. Sequans Communications has a 12 month low of $0.85 and a 12 month high of $7.43. The firm has a market capitalization of $65.91 million, a P/E ratio of 1.88 and a beta of 0.28.

Sequans Communications (NYSE:SQNS) last released its earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) EPS for the quarter, hitting analysts’ consensus estimates of ($0.30). The company had revenue of $9.68 million for the quarter, compared to analysts’ expectations of $9.70 million. Sequans Communications had a return on equity of 403.46% and a net margin of 138.26%. As a group, analysts anticipate that Sequans Communications will post -1.48 EPS for the current 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.