Sequans Communications S.A. (NYSE:SQNS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Sequans Communications S.A. (NYSE:SQNS) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.3333.

SQNS has been the subject of several recent analyst reports. Wall Street Zen downgraded Sequans Communications from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Zacks Research upgraded Sequans Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Sequans Communications in a research report on Friday, March 27th.

Sequans Communications Price Performance

Sequans Communications stock opened at $3.27 on Monday. Sequans Communications has a 1 year low of $2.38 and a 1 year high of $58.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.42 and a current ratio of 0.47. The firm has a 50 day moving average price of $3.58 and a 200 day moving average price of $3.64. The company has a market cap of $48.91 million, a price-to-earnings ratio of -0.24 and a beta of 0.79.

Institutional Investors Weigh In On Sequans Communications

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in Sequans Communications in the 3rd quarter valued at approximately $26,000. SmartHarvest Portfolios LLC purchased a new position in shares of Sequans Communications during the 1st quarter valued at $60,000. XTX Topco Ltd purchased a new position in shares of Sequans Communications during the 4th quarter valued at $73,000. Virtu Financial LLC acquired a new position in shares of Sequans Communications in the fourth quarter worth $75,000. Finally, J. Derek Lewis & Associates Inc. purchased a new stake in shares of Sequans Communications during the fourth quarter worth $85,000. 63.33% of the stock is currently owned by institutional investors and hedge funds.

About Sequans Communications

Sequans Communications is a fabless semiconductor company specializing in cellular IoT and broadband connectivity solutions. The company designs and delivers a range of LTE and 5G chips, modules and connectivity platforms that enable low-power wide-area (LPWA) networking as well as high-speed broadband services. Sequans’s products are targeted at Internet of Things (IoT) applications, including smart metering, industrial automation, smart cities and consumer electronics, as well as more data-intensive use cases such as fixed wireless access and private networks.

The company’s portfolio includes single-mode LTE chipsets for narrowband IoT (NB-IoT) and LTE-M, multi-mode platforms that combine LTE and 5G New Radio (NR) support, and modules that integrate RF front-ends, power management and embedded software.