Sequans Communications SA (NYSE:SQNS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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. “

Other analysts have also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $3.30 target price on shares of Sequans Communications SA in a research note on Thursday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price target on shares of Sequans Communications SA in a report on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $3.00.

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

Sequans Communications SA (NYSE:SQNS) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $9.90 million for the quarter, compared to analysts’ expectations of $10.95 million. During the same period last year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, analysts predict that Sequans Communications SA will post ($0.35) earnings per share for the current 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.

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