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Zacks Investment Research upgraded Sequans Communications SA ADR (NYSE:SQNS) to Hold in a report released today.

Zacks Investment Research has upgraded Sequans Communications SA ADR (NYSE:SQNS) to Hold in a report released on 9/21/2016.

Yesterday Sequans Communications SA ADR (NYSE:SQNS) traded -1.76% lower at $1.76. The company’s 50-day moving average is $1.84 and its 200-day moving average is $2.17. The last stock close price is down -23.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 127,575 shares of the stock were exchanged, up from an average trading volume of 100,862

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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 target price, a total of 6 firms have reported on the stock. The consensus target price is $3.50 with 0 firms rating the stock 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 firms rating the stock a sell.

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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