Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research note issued on Friday.

SWIR has been the topic of a number of other research reports. Royal Bank Of Canada upped their target price on Sierra Wireless from $19.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, May 3rd. BidaskClub downgraded Sierra Wireless from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research upgraded Sierra Wireless from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, May 11th. Benchmark Co. started coverage on Sierra Wireless in a report on Tuesday, April 25th. They issued a “hold” rating on the stock. They noted that the move was a valuation call. Finally, Scotiabank increased their price objective on Sierra Wireless from $20.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, May 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.50.

Sierra Wireless (NASDAQ:SWIR) opened at 21.15 on Friday. Sierra Wireless has a 12 month low of $12.30 and a 12 month high of $31.95. The firm’s 50-day moving average is $27.08 and its 200-day moving average is $27.02. The firm has a market capitalization of $675.72 million, a PE ratio of 33.20 and a beta of 3.02.

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A number of institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Sierra Wireless by 5.1% in the second quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock valued at $115,000 after buying an additional 198 shares during the period. UBS Group AG increased its position in shares of Sierra Wireless by 3.7% in the first quarter. UBS Group AG now owns 12,429 shares of the communications equipment provider’s stock valued at $330,000 after buying an additional 447 shares during the period. HighTower Advisors LLC increased its position in shares of Sierra Wireless by 9.3% in the second quarter. HighTower Advisors LLC now owns 8,230 shares of the communications equipment provider’s stock valued at $230,000 after buying an additional 700 shares during the period. Creative Planning increased its position in shares of Sierra Wireless by 13.0% in the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 790 shares during the period. Finally, Bayesian Capital Management LP increased its position in shares of Sierra Wireless by 15.0% in the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the communications equipment provider’s stock valued at $250,000 after buying an additional 1,159 shares during the period. Institutional investors own 25.45% of the company’s stock.

Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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