Sequans Communications SA (NYSE:SQNS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $1.75 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 6.06% from the company’s current price.
According to Zacks, “Sequans Communications S.A., operates as a fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. Solutions offered by the Company include baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with signal processing techniques, algorithms and software stacks. Its solutions can be applied in devices like: smartphones; USB dongles; portable routers; embedded wireless modems for laptops, netbooks, tablets, and other consumer multimedia and industrial devices; consumer premises equipment, or CPE, such as residential gateways; and basestations. Sequans Communications S.A. is based in Paris, France. “
SQNS has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Sequans Communications SA in a research note on Monday, September 19th. B. Riley reissued a “buy” rating and issued a $3.00 target price on shares of Sequans Communications SA in a research note on Wednesday, September 21st. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $3.05.
Shares of Sequans Communications SA (NYSE:SQNS) opened at 1.65 on Wednesday. Sequans Communications SA has a one year low of $0.97 and a one year high of $3.00. The stock’s 50 day moving average price is $1.82 and its 200-day moving average price is $2.15. The stock’s market cap is $97.90 million.
Sequans Communications SA (NYSE:SQNS) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $0.01. Sequans Communications SA had a negative return on equity of 1,338.66% and a negative net margin of 66.61%. The firm earned $9.90 million during the quarter, compared to the consensus estimate of $10.95 million. During the same quarter in the prior year, the business posted ($0.11) EPS. Sequans Communications SA’s revenue was up 32.0% compared to the same quarter last year. On average, equities analysts predict that Sequans Communications SA will post ($0.35) earnings per share for the current fiscal year.
Sequans Communications SA Company Profile
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
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