Sequans Communications S.A. (NYSE:SQNS) Receives Average Recommendation of “Hold” from Analysts

Sequans Communications S.A. (NYSE:SQNS) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.3333.

SQNS has been the topic of several recent research reports. Zacks Research downgraded shares of Sequans Communications from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Wall Street Zen raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. B. Riley Financial dropped their price objective on shares of Sequans Communications from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sequans Communications in a report on Friday, March 27th.

Institutional Trading of Sequans Communications

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in shares of Sequans Communications in the 3rd quarter valued at $26,000. XTX Topco Ltd purchased a new stake in shares of Sequans Communications in the 4th quarter valued at $73,000. Virtu Financial LLC purchased a new stake in shares of Sequans Communications in the 4th quarter valued at $75,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Sequans Communications in the 4th quarter valued at $85,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Sequans Communications in the 4th quarter valued at $101,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Stock Down 4.4%

NYSE:SQNS opened at $3.14 on Thursday. The company has a market cap of $47.10 million, a PE ratio of -0.23 and a beta of 0.78. Sequans Communications has a twelve month low of $2.38 and a twelve month high of $58.30. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $3.37 and its two-hundred day moving average is $4.03.

Sequans Communications Company Profile

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.