Sequans Communications S.A. (SQNS) – What Are Analysts Saying About This Stock?

Sequans Communications S.A. (NYSE:SQNS) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.67.

SQNS has been the subject of a number of research reports. B. Riley Financial decreased their price target on shares of Sequans Communications from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Wall Street Zen raised Sequans Communications from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Roth Capital reduced their price objective on Sequans Communications to $15.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Finally, Weiss Ratings cut Sequans Communications from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th.

Hedge Funds Weigh In On Sequans Communications

A hedge fund recently raised its position in Sequans Communications stock. Credit Industriel ET Commercial grew its position in shares of Sequans Communications S.A. (NYSE:SQNS) by 81.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 400,000 shares of the semiconductor company’s stock after purchasing an additional 180,000 shares during the period. Credit Industriel ET Commercial owned approximately 2.79% of Sequans Communications worth $1,012,000 as of its most recent SEC filing. 63.33% of the stock is owned by institutional investors and hedge funds.

Sequans Communications Trading Up 0.9%

NYSE SQNS opened at $2.67 on Monday. Sequans Communications has a one year low of $2.31 and a one year high of $6.98. The company’s 50 day moving average price is $2.73 and its 200 day moving average price is $3.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.82 and a current ratio of 1.94. The firm has a market capitalization of $40.07 million, a price-to-earnings ratio of -0.26 and a beta of 0.84.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data on Tuesday, November 3rd. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.50. Sequans Communications had a negative net margin of 516.47% and a negative return on equity of 75.19%. The company had revenue of $9.09 million during the quarter, compared to the consensus estimate of $8.97 million. On average, sell-side analysts predict that Sequans Communications will post -2.75 EPS for the current year.

Sequans Communications Company Profile

Sequans Communications SA is a fabless semiconductor company that develops cellular connectivity solutions for the Internet of Things (IoT). Its technology is designed to connect devices and equipment to 4G and 5G networks, supporting applications such as asset tracking, smart metering, industrial monitoring, security systems, and connected consumer products.

The company offers chipsets, modules, and related software for several cellular IoT applications. Its product portfolio has included solutions for LTE-M and NB-IoT, which are intended for low-power, wide-area connectivity, as well as products supporting broader 4G and 5G applications.