Sierra Wireless (SWIR) Upgraded to Sell by BidaskClub

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.

SWIR has been the subject of a number of other research reports. Scotiabank upgraded Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 price objective for the company in a research report on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $26.00 price objective on shares of Sierra Wireless in a research report on Monday, November 6th. TD Securities reduced their price objective on Sierra Wireless from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, November 27th. Finally, Howard Weil upgraded Sierra Wireless to a “sector perform” rating and set a $23.00 price objective for the company in a research report on Thursday, September 21st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.95.

Sierra Wireless (NASDAQ:SWIR) traded down $0.30 during mid-day trading on Friday, hitting $21.00. The stock had a trading volume of 311,522 shares, compared to its average volume of 291,150. The stock has a market capitalization of $679.84, a PE ratio of 29.58 and a beta of 3.17. The company has a quick ratio of 1.54, a current ratio of 1.92 and a debt-to-equity ratio of 0.09. Sierra Wireless has a 52-week low of $15.75 and a 52-week high of $31.95.

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its holdings in Sierra Wireless by 5.1% during the second quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock valued at $115,000 after purchasing an additional 198 shares during the period. HighTower Advisors LLC grew its holdings in Sierra Wireless by 9.3% during the second quarter. HighTower Advisors LLC now owns 8,230 shares of the communications equipment provider’s stock valued at $230,000 after purchasing an additional 700 shares during the period. Bayesian Capital Management LP grew its holdings in Sierra Wireless by 15.0% during the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the communications equipment provider’s stock valued at $250,000 after purchasing an additional 1,159 shares during the period. Shell Asset Management Co. grew its holdings in Sierra Wireless by 149.0% during the third quarter. Shell Asset Management Co. now owns 7,307 shares of the communications equipment provider’s stock valued at $219,000 after purchasing an additional 4,373 shares during the period. Finally, Royal Bank of Canada grew its holdings in Sierra Wireless by 9.6% during the second quarter. Royal Bank of Canada now owns 50,802 shares of the communications equipment provider’s stock valued at $1,428,000 after purchasing an additional 4,464 shares during the period. 20.98% of the stock is owned by institutional investors and hedge funds.

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About Sierra Wireless

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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