iQSTEL (NASDAQ:IQST) Stock Rating Upgraded by Zacks Research

iQSTEL (NASDAQ:IQST) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms have also issued reports on IQST. Wall Street Zen lowered shares of iQSTEL from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iQSTEL in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.00.

iQSTEL Price Performance

IQST opened at $1.17 on Thursday. The company has a market capitalization of $7.89 million and a P/E ratio of -0.44. The firm’s fifty day moving average price is $1.13 and its two-hundred day moving average price is $1.54. iQSTEL has a fifty-two week low of $0.87 and a fifty-two week high of $7.57.

iQSTEL (NASDAQ:IQST) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). The business had revenue of $97.92 million during the quarter. iQSTEL had a negative net margin of 2.62% and a negative return on equity of 45.89%. On average, equities research analysts expect that iQSTEL will post -0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On iQSTEL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in iQSTEL during the second quarter worth about $148,000. Geode Capital Management LLC bought a new position in shares of iQSTEL in the second quarter valued at approximately $288,000. Finally, DRW Securities LLC raised its stake in shares of iQSTEL by 74.2% in the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after acquiring an additional 13,628 shares during the last quarter.

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.