Sequans Communications SA (SQNS) Given Average Recommendation of “Buy” by Brokerages

Sequans Communications SA (NYSE:SQNS) has received a consensus rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $3.96.

A number of equities analysts have issued reports on the company. Roth Capital assumed coverage on Sequans Communications in a research note on Friday, January 5th. They set a “buy” rating and a $4.00 price target for the company. Zacks Investment Research upgraded Sequans Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Robert W. Baird cut their price target on Sequans Communications from $5.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Benchmark cut their price target on Sequans Communications from $5.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $4.25 price target (down previously from $6.00) on shares of Sequans Communications in a research note on Thursday, October 5th.

Several institutional investors have recently bought and sold shares of SQNS. AXA bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $4,237,000. Thrivent Financial For Lutherans bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $3,294,000. Cooper Creek Partners Management LLC bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $3,186,000. EAM Investors LLC bought a new position in shares of Sequans Communications during the 2nd quarter worth approximately $1,741,000. Finally, AWM Investment Company Inc. lifted its position in shares of Sequans Communications by 5.6% during the 2nd quarter. AWM Investment Company Inc. now owns 7,727,240 shares of the semiconductor company’s stock worth $25,577,000 after buying an additional 407,010 shares in the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Sequans Communications (NYSE SQNS) opened at $2.25 on Wednesday. The stock has a market capitalization of $179.65, a PE ratio of -7.26 and a beta of 2.41. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.95 and a current ratio of 1.17. Sequans Communications has a 12 month low of $1.68 and a 12 month high of $4.75.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $11.30 million during the quarter, compared to the consensus estimate of $11.08 million. Sequans Communications had a negative return on equity of 256.90% and a negative net margin of 46.93%. The company’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. equities research analysts expect that Sequans Communications will post -0.27 earnings per share for the current fiscal year.

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Sequans Communications Company Profile

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.

Analyst Recommendations for Sequans Communications (NYSE:SQNS)

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