iQSTEL (NASDAQ:IQST) Rating Lowered to “Strong Sell” at Zacks Research

iQSTEL (NASDAQ:IQST) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

IQST has been the subject of a number of other reports. Weiss Ratings restated a “sell (e+)” rating on shares of iQSTEL in a research report on Wednesday, June 24th. Wall Street Zen upgraded iQSTEL from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, iQSTEL presently has an average rating of “Reduce” and an average price target of $18.00.

iQSTEL Trading Up 38.4%

Shares of iQSTEL stock opened at $1.22 on Wednesday. The company’s 50-day moving average price is $1.18 and its 200-day moving average price is $1.81. iQSTEL has a 12-month low of $0.87 and a 12-month high of $10.37. The company has a market cap of $8.22 million and a price-to-earnings ratio of -0.46.

iQSTEL (NASDAQ:IQST) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.17). The firm had revenue of $97.92 million for the quarter. iQSTEL had a negative net margin of 2.62% and a negative return on equity of 45.89%. On average, sell-side analysts predict that iQSTEL will post -0.69 earnings per share for the current year.

Institutional Investors Weigh In On iQSTEL

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC bought a new position in shares of iQSTEL during the 2nd quarter valued at $288,000. Cetera Investment Advisers bought a new stake in iQSTEL in the second quarter worth $148,000. Finally, DRW Securities LLC boosted its position in iQSTEL by 74.2% during the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after buying an additional 13,628 shares during the period.

iQSTEL Company Profile

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.