Shares of Sequans Communications (NYSE:SQNS) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.75.
Several research firms recently issued reports on SQNS. Zacks Investment Research raised shares of Sequans Communications from a “strong sell” rating to a “hold” rating in a report on Saturday, February 17th. B. Riley cut their price target on shares of Sequans Communications from $2.75 to $2.50 and set a “buy” rating for the company in a report on Monday, February 12th. Roth Capital began coverage on shares of Sequans Communications in a report on Friday, January 5th. They set a “buy” rating and a $4.00 price target for the company. Canaccord Genuity reissued a “buy” rating and set a $3.75 price target on shares of Sequans Communications in a report on Wednesday, January 17th. Finally, ValuEngine cut shares of Sequans Communications from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st.
An institutional investor recently bought a new position in Sequans Communications stock. Citadel Advisors LLC bought a new stake in Sequans Communications (NYSE:SQNS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 103,850 shares of the semiconductor company’s stock, valued at approximately $198,000. Citadel Advisors LLC owned approximately 0.13% of Sequans Communications at the end of the most recent quarter. 25.64% of the stock is currently owned by institutional investors.
Shares of NYSE:SQNS opened at $1.69 on Friday. Sequans Communications has a one year low of $1.44 and a one year high of $4.75. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.42 and a quick ratio of 1.16. The stock has a market capitalization of $138.44, a PE ratio of -5.45 and a beta of 2.36.
Sequans Communications (NYSE:SQNS) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). Sequans Communications had a negative net margin of 54.20% and a negative return on equity of 314.69%. The business had revenue of $11.30 million during the quarter, compared to analysts’ expectations of $11.20 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The business’s revenue was down 19.3% compared to the same quarter last year. sell-side analysts predict that Sequans Communications will post -0.24 EPS for the current year.
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Sequans Communications Company Profile
Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.
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