Weekly Investment Analysts’ Ratings Changes for Sequans Communications (SQNS)

Sequans Communications (NYSE: SQNS) recently received a number of ratings updates from brokerages and research firms:

  • 1/22/2018 – Sequans Communications had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $3.00 price target on the stock.
  • 1/20/2018 – Sequans Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. 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. “
  • 1/17/2018 – Sequans Communications had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $3.75 price target on the stock.
  • 1/17/2018 – Sequans Communications is now covered by analysts at B. Riley. They set a “buy” rating and a $3.25 price target on the stock.
  • 1/5/2018 – Sequans Communications is now covered by analysts at Roth Capital. They set a “buy” rating and a $4.00 price target on the stock.
  • 12/12/2017 – Sequans Communications was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of Sequans Communications SA (NYSE:SQNS) traded down $0.03 during midday trading on Monday, reaching $1.81. 419,546 shares of the company traded hands, compared to its average volume of 546,887. The company has a market capitalization of $145.73, a price-to-earnings ratio of -5.84 and a beta of 2.42. Sequans Communications SA has a fifty-two week low of $1.68 and a fifty-two week high of $4.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.95 and a current ratio of 1.17.

Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.

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