Sequans Communications (NYSE:SQNS) will be issuing its quarterly earnings data before the market opens on Tuesday, February 19th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.
Shares of NYSE SQNS opened at $0.90 on Tuesday. The firm has a market capitalization of $72.04 million, a P/E ratio of -2.92 and a beta of 3.05. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 4.36. Sequans Communications has a one year low of $0.75 and a one year high of $2.24.
SQNS has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Sequans Communications from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. B. Riley cut their price target on shares of Sequans Communications from $2.25 to $1.65 and set a “buy” rating for the company in a report on Wednesday, October 31st. Finally, Canaccord Genuity cut their price target on shares of Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $2.22.
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About Sequans Communications
Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.
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