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

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

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

Sequans Communications Stock Down 3.5 %

Shares of NYSE:SQNS opened at $2.66 on Tuesday. The company has a 50 day moving average price of $2.54 and a two-hundred day moving average price of $1.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.36. The company has a market capitalization of $66.03 million, a PE ratio of 1.88 and a beta of 0.28. Sequans Communications has a 52 week low of $0.85 and a 52 week high of $7.43.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data on Friday, August 23rd. The semiconductor company reported ($0.30) EPS for the quarter, meeting analysts’ consensus estimates 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%. Analysts forecast that Sequans Communications will post -1.48 earnings per share for the current 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.