iQSTEL (NASDAQ:IQST) Rating Lowered to “Sell” at Wall Street Zen

iQSTEL (NASDAQ:IQST) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research cut shares of iQSTEL from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iQSTEL in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.00.

iQSTEL Price Performance

iQSTEL stock opened at $1.17 on Friday. iQSTEL has a 12-month low of $0.87 and a 12-month high of $7.57. The firm’s fifty day moving average is $1.13 and its 200 day moving average is $1.53. The company has a market capitalization of $7.89 million and a PE ratio of -0.44.

iQSTEL (NASDAQ:IQST) last issued its earnings results on Wednesday, May 20th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.17). iQSTEL had a negative return on equity of 45.89% and a negative net margin of 2.62%.The company had revenue of $97.92 million for the quarter. Sell-side analysts expect that iQSTEL will post -0.69 EPS for the current fiscal year.

Institutional Trading of iQSTEL

Several hedge funds have recently added to or reduced their stakes in IQST. Cetera Investment Advisers purchased a new position in iQSTEL in the second quarter valued at about $148,000. Geode Capital Management LLC purchased a new stake in shares of iQSTEL during the 2nd quarter worth approximately $288,000. Finally, DRW Securities LLC raised its holdings in shares of iQSTEL by 74.2% in the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after purchasing an additional 13,628 shares during the period.

iQSTEL Company Profile

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.