iQSTEL (NASDAQ:IQST) Upgraded at Zacks Research

iQSTEL (NASDAQ:IQST) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

IQST has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iQSTEL in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of iQSTEL from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.00.

iQSTEL Stock Down 0.8%

IQST opened at $1.17 on Thursday. iQSTEL has a 12-month low of $0.87 and a 12-month high of $7.57. The business has a 50 day moving average of $1.13 and a 200-day moving average of $1.54. The stock has a market cap of $7.89 million and a price-to-earnings ratio of -0.44.

iQSTEL (NASDAQ:IQST) last posted its earnings results on Wednesday, May 20th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $97.92 million for the quarter. As a group, analysts expect that iQSTEL will post -0.69 earnings per share for the current year.

Institutional Investors Weigh In On iQSTEL

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of iQSTEL in the second quarter valued at approximately $288,000. Cetera Investment Advisers acquired a new stake in iQSTEL during the 2nd quarter worth approximately $148,000. Finally, DRW Securities LLC lifted its holdings in iQSTEL by 74.2% during 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 last quarter.

About iQSTEL

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.