Analysts Set Sequans Communications S.A. (NYSE:SQNS) Target Price at $10.83

Sequans Communications S.A. (NYSE:SQNS) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $10.8333.

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Sequans Communications in a research note on Monday, December 29th. Lake Street Capital began coverage on shares of Sequans Communications in a report on Wednesday, December 10th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, B. Riley lowered their price target on shares of Sequans Communications from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th.

Sequans Communications Stock Up 1.8%

SQNS opened at $5.00 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 0.97. The company has a market cap of $71.65 million, a price-to-earnings ratio of -0.62 and a beta of 0.22. Sequans Communications has a one year low of $4.44 and a one year high of $58.30. The business’s fifty day moving average is $5.67 and its two-hundred day moving average is $4.61.

Hedge Funds Weigh In On Sequans Communications

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in shares of Sequans Communications in the third quarter valued at $26,000. Meteora Capital LLC acquired a new position in Sequans Communications in the 2nd quarter valued at about $74,000. Krilogy Financial LLC purchased a new position in Sequans Communications in the 3rd quarter valued at about $568,000. Moore Capital Management LP acquired a new stake in shares of Sequans Communications during the 3rd quarter worth about $581,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Sequans Communications during the 3rd quarter worth about $2,590,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

About Sequans Communications

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.