Sequans Communications SA (NYSE:SQNS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Sequans Communications S.A., operates as a fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. Solutions offered by the Company include baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with signal processing techniques, algorithms and software stacks. Its solutions can be applied in devices like: smartphones; USB dongles; portable routers; embedded wireless modems for laptops, netbooks, tablets, and other consumer multimedia and industrial devices; consumer premises equipment, or CPE, such as residential gateways; and basestations. Sequans Communications S.A. is based in Paris, France. “

Several other research firms have also recently commented on SQNS. B. Riley restated a “buy” rating and set a $3.30 price target on shares of Sequans Communications SA in a report on Thursday, July 28th. Needham & Company LLC restated a “buy” rating and set a $3.00 price target on shares of Sequans Communications SA in a report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Sequans Communications SA has an average rating of “Buy” and an average target price of $3.00.

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Shares of Sequans Communications SA (NYSE:SQNS) opened at 1.76 on Wednesday. The stock’s 50 day moving average price is $1.86 and its 200-day moving average price is $2.18. The stock’s market capitalization is $104.42 million. Sequans Communications SA has a 12 month low of $0.97 and a 12 month high of $3.00.

Sequans Communications SA (NYSE:SQNS) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.01. Sequans Communications SA had a negative return on equity of 1,338.66% and a negative net margin of 66.61%. The firm had revenue of $9.90 million for the quarter, compared to analysts’ expectations of $10.95 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. Equities analysts forecast that Sequans Communications SA will post ($0.35) earnings per share for the current fiscal year.

Sequans Communications SA Company Profile

Sequans Communications SA 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 mobile broadband applications, with a specific focus on the single-mode device market.

5 Day Chart for NYSE:SQNS

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