Sequans Communications (NYSE:SQNS) Rating Increased to Hold at StockNews.com

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

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

Sequans Communications Price Performance

Shares of NYSE SQNS opened at $2.66 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.36 and a quick ratio of 1.33. The business has a 50-day moving average of $2.54 and a 200-day moving average of $1.86. The stock has a market capitalization of $66.03 million, a price-to-earnings ratio of 1.88 and a beta of 0.28. Sequans Communications has a fifty-two week low of $0.85 and a fifty-two week high of $7.43.

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