Zacks Investment Research upgraded shares of Sequans Communications SA (NYSE:SQNS) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Sequans Communications S.A., operates as a fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. Solutions offered by the Company include baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with signal processing techniques, algorithms and software stacks. Its solutions can be applied in devices like: smartphones; USB dongles; portable routers; embedded wireless modems for laptops, netbooks, tablets, and other consumer multimedia and industrial devices; consumer premises equipment, or CPE, such as residential gateways; and basestations. Sequans Communications S.A. is based in Paris, France. “

A number of other research firms also recently weighed in on SQNS. B. Riley restated a buy rating and issued a $3.00 price objective on shares of Sequans Communications SA in a report on Friday, September 16th. Needham & Company LLC restated a buy rating and issued a $3.00 price objective on shares of Sequans Communications SA in a report on Monday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Sequans Communications SA presently has a consensus rating of Buy and a consensus price target of $3.00.

Sequans Communications SA (NYSE:SQNS) traded up 3.53% on Wednesday, reaching $1.76. The company’s stock had a trading volume of 30,400 shares. Sequans Communications SA has a 12 month low of $0.97 and a 12 month high of $3.00. The company’s market cap is $104.42 million. The stock’s 50 day moving average price is $1.85 and its 200 day moving average price is $2.18.

Sequans Communications SA (NYSE:SQNS) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.01. The company had revenue of $9.90 million for the quarter, compared to analyst estimates of $10.95 million. Sequans Communications SA had a negative return on equity of 1,338.66% and a negative net margin of 66.61%. The firm’s quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. Equities research analysts forecast that Sequans Communications SA will post ($0.35) earnings per share for the current year.

About Sequans Communications SA

Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation (4G) long term evolution (LTE) and worldwide interoperability for microwave access (WiMAX) semiconductor solutions for wireless mobile broadband applications, with a specific focus on the single-mode device market.

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