Sequans Communications SA (NYSE:SQNS) Given Average Rating of “Buy” by Brokerages

Share on StockTwits

Sequans Communications SA (NYSE:SQNS) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $2.23.

Several research firms have recently weighed in on SQNS. Zacks Investment Research lowered shares of Sequans Communications from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Roth Capital boosted their price objective on shares of Sequans Communications from $2.50 to $3.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th.

Several institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its stake in Sequans Communications by 127.0% in the 2nd quarter. Citadel Advisors LLC now owns 65,312 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 36,546 shares during the last quarter. AWM Investment Company Inc. grew its stake in Sequans Communications by 1.7% in the 2nd quarter. AWM Investment Company Inc. now owns 9,370,202 shares of the semiconductor company’s stock valued at $8,466,000 after buying an additional 155,418 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new position in Sequans Communications in the 1st quarter valued at about $176,000. Institutional investors own 36.21% of the company’s stock.

SQNS stock remained flat at $$0.86 during midday trading on Tuesday. 62,000 shares of the company’s stock traded hands, compared to its average volume of 140,225. Sequans Communications has a 12-month low of $0.67 and a 12-month high of $1.70. The business has a fifty day moving average price of $0.90 and a two-hundred day moving average price of $1.00. The firm has a market cap of $68.82 million, a PE ratio of -2.39 and a beta of 2.80.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The business had revenue of $8.10 million during the quarter, compared to analyst estimates of $8.57 million. Sequans Communications had a negative net margin of 120.67% and a negative return on equity of 5,057.55%. The firm’s quarterly revenue was down 36.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. On average, research analysts predict that Sequans Communications will post -0.28 earnings per share for the current year.

About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

See Also: Do equity income investments outperform growth and income investments?

Analyst Recommendations for Sequans Communications (NYSE:SQNS)

Receive News & Ratings for Sequans Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequans Communications and related companies with MarketBeat.com's FREE daily email newsletter.