iQSTEL (NASDAQ:IQST) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of iQSTEL (NASDAQ:IQST) from a strong sell rating to a hold rating in a research note published on Thursday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iQSTEL in a report on Wednesday, June 24th. Wall Street Zen lowered shares of iQSTEL from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, iQSTEL has an average rating of “Hold” and a consensus price target of $18.00.

iQSTEL Price Performance

Shares of NASDAQ IQST opened at $1.17 on Thursday. iQSTEL has a 1-year low of $0.87 and a 1-year high of $7.57. The business’s fifty day moving average price is $1.13 and its two-hundred day moving average price is $1.54. The firm has a market capitalization of $7.89 million and a PE ratio of -0.44.

iQSTEL (NASDAQ:IQST) last posted its earnings results on Wednesday, May 20th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17). iQSTEL had a negative net margin of 2.62% and a negative return on equity of 45.89%. The company had revenue of $97.92 million during the quarter. Equities research analysts expect that iQSTEL will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of iQSTEL

A number of institutional investors have recently made changes to their positions in IQST. Geode Capital Management LLC bought a new stake in iQSTEL during the second quarter worth approximately $288,000. Cetera Investment Advisers bought a new position in shares of iQSTEL during the 2nd quarter valued at about $148,000. Finally, DRW Securities LLC grew its stake in shares of iQSTEL by 74.2% in the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after purchasing an additional 13,628 shares during the last quarter.

iQSTEL Company Profile

iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.

The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.