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Sequans Communications SA ADR (NYSE:SQNS) stock price target increased to $1.75, issued a report today by Zacks Investment Research

Yesterday Sequans Communications SA ADR (NYSE:SQNS) traded 0.00% even at $1.65. The company’s 50-day moving average is $1.82 and its 200-day moving average is $2.15. The last closing price is down -23.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 59,337 shares of the stock traded hands, down from an average trading volume of 101,881

In a report released on Wednesday September 28, 2016 Zacks Investment Research increased the stock price target of Sequans Communications SA ADR (NYSE:SQNS) to $1.75 indicating a possible upside of 0.06%.

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Sequans Communications SA ADR (NYSE:SQNS)

Sequans Communications SA ADR has a 52 week low of $0.97 and a 52 week high of $3.00 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 6 equity analysts have released a ratings update on SQNS. The one year target is $3.50 with zero equity analysts rating the company a strong buy, 5 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 analysts rating the company a sell.

More About Sequans Communications SA ADR (NYSE:SQNS)

Sequans Communications S.A. is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks. In the broadband data device market, its solutions serve as the wireless communications platform in devices, such as smartphones; Universal Serial Bus (USB) dongles; portable routers; embedded wireless modems for laptops, tablets, and other consumer multimedia devices; and customer-premises equipment, such as fixed wireless access modems, routers and residential gateways. The Company's products include SQN3330, SQN3223, SQN3221, SQN3241, VZ120Q, VZ22Q, VZ22M, US60L, SQN3220, SQN3240, SQN3120, SQN5120, SQN3140, VZ20Q, VZ20M, SQN1210 and SQN1220.

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