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 published on Wednesday.

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

Sequans Communications Price Performance

Shares of NYSE SQNS opened at $2.60 on Wednesday. The stock has a market capitalization of $64.66 million, a price-to-earnings ratio of -1.62 and a beta of 0.28. The firm’s 50 day simple moving average is $2.52 and its 200-day simple moving average is $1.78. Sequans Communications has a 12 month low of $0.85 and a 12 month 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, meeting the consensus estimate of ($0.30). The firm had revenue of $9.68 million for the quarter, compared to analyst estimates of $9.70 million. Analysts anticipate that Sequans Communications will post -1.48 earnings per share for the current fiscal 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.