Sequans Communications SA (SQNS) Raised to “Buy” at Zacks Investment Research
Sequans Communications SA (NYSE:SQNS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $1.75 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 6.06% from the stock’s current price.
According to Zacks, “Sequans Communications S.A., operates as a fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. Solutions offered by the Company include baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with signal processing techniques, algorithms and software stacks. Its solutions can be applied in devices like: smartphones; USB dongles; portable routers; embedded wireless modems for laptops, netbooks, tablets, and other consumer multimedia and industrial devices; consumer premises equipment, or CPE, such as residential gateways; and basestations. Sequans Communications S.A. is based in Paris, France. “
Several other research firms have also recently commented on SQNS. B. Riley restated a “buy” rating and issued a $3.30 price target on shares of Sequans Communications SA in a report on Thursday, July 28th. Needham & Company LLC restated a “buy” rating and issued a $3.00 price target on shares of Sequans Communications SA in a report on Monday, September 19th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $3.05.
Sequans Communications SA (NYSE:SQNS) opened at 1.65 on Wednesday. The firm’s market capitalization is $97.90 million. Sequans Communications SA has a 1-year low of $0.97 and a 1-year high of $3.00. The company has a 50 day moving average of $1.82 and a 200 day moving average of $2.15.
Sequans Communications SA (NYSE:SQNS) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.01. The firm had revenue of $9.90 million for the quarter, compared to analyst estimates of $10.95 million. Sequans Communications SA had a negative return on equity of 1,338.66% and a negative net margin of 66.61%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. Analysts forecast that Sequans Communications SA will post ($0.35) EPS for the current year.
Sequans Communications SA Company Profile
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
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