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

by · The Cerbat Gem

Shares of Sequans Communications S.A. (NYSE:SQNS – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $10.8333.

SQNS has been the subject of several analyst reports. Lake Street Capital started coverage on Sequans Communications in a research note on Wednesday. They issued a “buy” rating and a $18.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Sequans Communications in a report on Monday. Finally, B. Riley reduced their price target on Sequans Communications from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, November 20th.

Get Our Latest Analysis on SQNS

Sequans Communications Stock Up 6.2%

SQNS opened at $6.74 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. Sequans Communications has a 1-year low of $5.02 and a 1-year high of $58.30. The company has a market capitalization of $96.61 million, a PE ratio of -0.83 and a beta of 0.26. The firm’s 50 day simple moving average is $7.13 and its two-hundred day simple moving average is $4.15.

Institutional Investors Weigh In On Sequans Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Sequans Communications during the third quarter valued at approximately $26,000. XTX Topco Ltd purchased a new stake in shares of Sequans Communications in the first quarter worth $70,000. Meteora Capital LLC bought a new stake in shares of Sequans Communications during the 2nd quarter valued at $74,000. Krilogy Financial LLC purchased a new position in shares of Sequans Communications during the 3rd quarter valued at $568,000. Finally, Moore Capital Management LP purchased a new position in shares of Sequans Communications during the 3rd quarter valued at $581,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Company Profile

(Get Free Report)

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.

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