Sequans Communications (NYSE:SQNS) Receiving Somewhat Favorable Media Coverage, Report Shows

Media headlines about Sequans Communications (NYSE:SQNS) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sequans Communications earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.956276097574 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities analysts recently weighed in on the stock. Roth Capital assumed coverage on shares of Sequans Communications in a research report on Friday, January 5th. They set a “buy” rating and a $4.00 price objective for the company. B. Riley assumed coverage on shares of Sequans Communications in a research report on Wednesday, January 17th. They set a “buy” rating and a $3.25 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Sequans Communications in a research report on Monday, January 22nd. Zacks Investment Research cut shares of Sequans Communications from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $3.75 price objective on shares of Sequans Communications in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Sequans Communications has a consensus rating of “Buy” and an average price target of $3.75.

Shares of Sequans Communications stock opened at $1.58 on Thursday. The stock has a market cap of $128.84, a P/E ratio of -4.65 and a beta of 2.32. Sequans Communications has a fifty-two week low of $1.44 and a fifty-two week high of $4.75. The company has a current ratio of 1.42, a quick ratio of 1.16 and a debt-to-equity ratio of 4.12.

Sequans Communications (NYSE:SQNS) last released its earnings results on Tuesday, February 13th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.08). The company had revenue of $11.30 million for the quarter, compared to analyst estimates of $11.20 million. Sequans Communications had a negative net margin of 54.20% and a negative return on equity of 314.69%. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. equities analysts predict that Sequans Communications will post -0.24 earnings per share for the current year.

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About Sequans Communications

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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