Sequans Communications SA Now Covered by Northland Securities (SQNS)
Northland Securities initiated coverage on shares of Sequans Communications SA (NASDAQ:SQNS) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $3.00 price target on the stock. Northland Securities’ target price suggests a potential upside of 42.86% from the company’s current price.
Separately, analysts at Natixis cut their price target on shares of Sequans Communications SA from $1.80 to $1.50 in a research note on Monday, July 28th. Four research analysts have rated the stock with a buy rating, Sequans Communications SA currently has a consensus rating of “Buy” and a consensus price target of $3.00.
Sequans Communications SA (NASDAQ:SQNS) opened at 2.10 on Thursday. Sequans Communications SA has a 52-week low of $1.42 and a 52-week high of $3.40. The stock has a 50-day moving average of $1.79 and a 200-day moving average of $2.11. The company’s market cap is $124.2 million.
Sequans Communications SA (NASDAQ:SQNS) last announced its earnings results on Thursday, July 24th. The company reported ($0.14) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.14). The company had revenue of $5.10 million for the quarter, compared to the consensus estimate of $5.53 million. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts predict that Sequans Communications SA will post $-0.51 earnings per share for the current fiscal year.
Sequans Communications SA (NASDAQ:SQNS) is a fabless designer, developer and supplier of fourth generation (4G) long term evolution (LTE) and Worldwide Interoperability for Microwave Access (WiMAX) semiconductor solutions for wireless broadband applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.