Sequans Communications PT Raised to $1.80 (SQNS)
Natixis increased their price objective on shares of Sequans Communications (NASDAQ:SQNS) from $1.30 to $1.80 in a research note issued on Monday, American Banking News reports. The firm currently has a “reduce” rating on the stock. Natixis’ target price indicates a potential downside of 14.69% from the company’s current price.
Sequans Communications (NASDAQ:SQNS) traded up 0.48% on Monday, hitting $2.11. 434,542 shares of the company’s stock traded hands. Sequans Communications has a one year low of $1.30 and a one year high of $2.85. The stock’s 50-day moving average is $2.07 and its 200-day moving average is $1.6. The company’s market cap is $94.3 million.
Sequans Communications (NASDAQ:SQNS) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.19) by $0.01. The company had revenue of $4.10 million for the quarter, compared to the consensus estimate of $4.00 million. On average, analysts predict that Sequans Communications will post $-0.88 earnings per share for the current fiscal year.
Sequans Communications SA (NASDAQ:SQNS) is a fabless designer, developer and supplier of fourth generation (4G) semiconductor solutions for wireless broadband applications.
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