IQE plc (OTCMKTS:IQEPF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of IQE plc (OTCMKTS:IQEPFGet Rating) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $42.00.

IQEPF has been the topic of a number of recent analyst reports. Zacks Investment Research raised IQE from a “sell” rating to a “hold” rating in a research note on Wednesday, January 26th. Canaccord Genuity Group lowered IQE from a “speculative buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, Canaccord Genuity Group lowered IQE from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th.

IQEPF stock traded up $0.05 during trading on Thursday, hitting $0.40. The company had a trading volume of 4,900 shares, compared to its average volume of 12,216. The company has a fifty day moving average price of $0.42 and a two-hundred day moving average price of $0.48. IQE has a fifty-two week low of $0.21 and a fifty-two week high of $0.80.

About IQE (Get Rating)

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.

Featured Articles

Receive News & Ratings for IQE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQE and related companies with MarketBeat.com's FREE daily email newsletter.