Sequans Communications (NYSE:SQNS) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Sequans Communications (NYSE:SQNS - Free Report) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Separately, Roth Mkm restated a "buy" rating and set a $7.50 target price on shares of Sequans Communications in a research note on Monday, August 26th.

Sequans Communications Stock Down 2.5 %

Shares of SQNS traded down $0.07 during trading hours on Tuesday, hitting $2.75. 66,033 shares of the company were exchanged, compared to its average volume of 288,465. The company has a market cap of $68.39 million, a PE ratio of 2.00 and a beta of 0.28. The firm's 50 day moving average is $2.53 and its 200-day moving average is $1.84. Sequans Communications has a 52 week low of $0.85 and a 52 week high of $7.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.20 and a current ratio of 1.36.

Sequans Communications (NYSE:SQNS - Get Free Report) last released its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.30). The company had revenue of $9.68 million during the quarter, compared to the consensus estimate of $9.70 million. Sequans Communications had a return on equity of 403.46% and a net margin of 138.26%. On average, equities research analysts forecast that Sequans Communications will post -1.48 EPS for the current fiscal year.

About Sequans Communications

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.