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

Sequans Communications (NYSE:SQNS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

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

Sequans Communications Stock Up 6.8 %

Shares of Sequans Communications stock opened at $2.82 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.20 and a current ratio of 1.36. The stock has a market capitalization of $70.13 million, a PE ratio of 2.00 and a beta of 0.28. Sequans Communications has a 52-week low of $0.85 and a 52-week high of $7.43. The company has a 50-day simple moving average of $2.53 and a two-hundred day simple moving average of $1.84.

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