iQSTEL (NASDAQ:IQST) Upgraded to Hold at Wall Street Zen

iQSTEL (NASDAQ:IQST) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of iQSTEL in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.00.

iQSTEL Stock Performance

IQST opened at $1.18 on Friday. iQSTEL has a fifty-two week low of $0.99 and a fifty-two week high of $14.45. The firm’s fifty day moving average is $1.52 and its 200 day moving average is $2.49. The stock has a market cap of $7.95 million and a price-to-earnings ratio of -0.44.

iQSTEL (NASDAQ:IQST) last released its earnings results on Wednesday, May 20th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). iQSTEL had a negative net margin of 2.62% and a negative return on equity of 45.89%. The firm had revenue of $97.92 million for the quarter. On average, equities research analysts predict that iQSTEL will post -0.38 earnings per share for the current year.

Institutional Trading of iQSTEL

A number of large investors have recently made changes to their positions in IQST. DRW Securities LLC increased its holdings in shares of iQSTEL by 74.2% in the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after buying an additional 13,628 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of iQSTEL in the 2nd quarter worth about $148,000. Finally, Geode Capital Management LLC bought a new stake in shares of iQSTEL in the 2nd quarter worth about $288,000.

About iQSTEL

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.