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Sierra Wireless (NASDAQ:SWIR) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.

Sierra Wireless (NASDAQ:SWIR) opened at 26.06 on Friday. Sierra Wireless has a 52-week low of $7.63 and a 52-week high of $26.34. The stock has a 50-day moving average of $20. and a 200-day moving average of $15.95. The company has a market cap of $787.6 million and a P/E ratio of 9.82.

Sierra Wireless (NASDAQ:SWIR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.04. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $113.53 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. Sierra Wireless’s revenue was up 12.1% compared to the same quarter last year.

Several other analysts have also recently commented on the stock. Analysts at TD Securities initiated coverage on shares of Sierra Wireless in a research note to investors on Monday, November 25th. They set a “hold” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Sierra Wireless from $17.00 to $24.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Sierra Wireless from $22.00 to $20.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.71.

Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.

The Fly On The Wall

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