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

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of iQSTEL in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, iQSTEL has a consensus rating of “Hold” and an average target price of $18.00.

iQSTEL Price Performance

Shares of IQST stock opened at $1.10 on Friday. The firm has a market cap of $7.41 million and a price-to-earnings ratio of -0.41. iQSTEL has a 12 month low of $0.93 and a 12 month high of $10.62. The stock has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.95.

iQSTEL (NASDAQ:IQST) last released its earnings results on Wednesday, May 20th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). The business had revenue of $97.92 million for the quarter. iQSTEL had a negative net margin of 2.62% and a negative return on equity of 45.89%. Sell-side analysts predict that iQSTEL will post -0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On iQSTEL

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new stake in iQSTEL in the second quarter valued at about $288,000. Cetera Investment Advisers acquired a new position in iQSTEL in the second quarter valued at about $148,000. Finally, DRW Securities LLC boosted its holdings in iQSTEL by 74.2% during the fourth 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.

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.