Sequans Communications S.A. (NYSE:SQNS) Receives $20.33 Average PT from Brokerages

Sequans Communications S.A. (NYSE:SQNS) has received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.3333.

A number of equities analysts recently commented on SQNS shares. Zacks Research upgraded Sequans Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered shares of Sequans Communications from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Sequans Communications in a report on Friday, March 27th.

Hedge Funds Weigh In On Sequans Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in Sequans Communications during the third quarter valued at about $26,000. XTX Topco Ltd acquired a new stake in Sequans Communications in the 4th quarter valued at about $73,000. Virtu Financial LLC acquired a new stake in Sequans Communications in the 4th quarter valued at about $75,000. J. Derek Lewis & Associates Inc. bought a new position in shares of Sequans Communications during the 4th quarter valued at about $85,000. Finally, Quadrature Capital Ltd bought a new position in shares of Sequans Communications during the 4th quarter valued at about $101,000. 63.33% of the stock is owned by institutional investors.

Sequans Communications Stock Performance

Sequans Communications stock opened at $3.27 on Monday. The stock has a market cap of $48.91 million, a P/E ratio of -0.24 and a beta of 0.79. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.02. Sequans Communications has a 52 week low of $2.38 and a 52 week high of $58.30. The stock has a 50 day moving average of $3.58 and a 200-day moving average of $3.63.

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.