StockNews.com Upgrades Sequans Communications (NYSE:SQNS) to Hold

Sequans Communications (NYSE:SQNS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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

Sequans Communications Stock Up 4.8 %

Shares of NYSE:SQNS opened at $2.40 on Wednesday. The firm has a 50 day moving average of $2.50 and a 200 day moving average of $1.77. The company has a market capitalization of $59.69 million, a price-to-earnings ratio of -1.48 and a beta of 0.25. Sequans Communications has a 52 week low of $0.85 and a 52 week high of $7.43.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) EPS for the quarter, hitting the consensus estimate of ($0.30). The company had revenue of $9.68 million during the quarter, compared to the consensus estimate of $9.70 million. On average, sell-side analysts expect that Sequans Communications will post -1.48 EPS for the current year.

Sequans Communications Company Profile

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.