Sequans Communications (NYSE:SQNS) Upgraded to “Hold” at StockNews.com

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

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

Sequans Communications Stock Down 0.4 %

Sequans Communications stock opened at $2.65 on Tuesday. The firm has a 50 day simple moving average of $2.54 and a 200 day simple moving average of $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 1-year low of $0.85 and a 1-year high of $7.43. The firm has a market capitalization of $65.91 million, a price-to-earnings ratio of 1.88 and a beta of 0.28.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share for the quarter, meeting the consensus estimate of ($0.30). Sequans Communications had a return on equity of 403.46% and a net margin of 138.26%. The company had revenue of $9.68 million during the quarter, compared to analysts’ expectations of $9.70 million. On average, analysts predict that Sequans Communications will post -1.48 earnings per share 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.