Sequans Communications (NYSE:SQNS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sequans Communications (NYSE:SQNS) from a sell rating to a hold rating in a research report report published on Saturday.

Separately, Zacks Research raised Sequans Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sequans Communications currently has an average rating of “Hold” and an average price target of $13.00.

Sequans Communications Price Performance

NYSE SQNS opened at $2.73 on Friday. The business’s fifty day moving average is $3.07 and its 200 day moving average is $3.28. Sequans Communications has a fifty-two week low of $2.38 and a fifty-two week high of $13.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.27 and a current ratio of 1.39. The company has a market capitalization of $40.90 million, a PE ratio of -0.26 and a beta of 0.83.

Institutional Trading of Sequans Communications

Several institutional investors and hedge funds have recently modified their holdings of SQNS. Bank of America Corp DE purchased a new position in shares of Sequans Communications in the third quarter valued at about $26,000. XTX Topco Ltd purchased a new stake in shares of Sequans Communications during the fourth quarter worth about $73,000. Virtu Financial LLC bought a new stake in Sequans Communications during the 4th quarter valued at approximately $75,000. J. Derek Lewis & Associates Inc. bought a new stake in Sequans Communications during the 4th quarter valued at approximately $85,000. Finally, Quadrature Capital Ltd bought a new stake in Sequans Communications during the 4th quarter valued at approximately $101,000. 63.33% of the stock is currently owned by institutional investors.

Sequans Communications Company Profile

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.