In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Sequans Communications S A (SQNS), with a price target of $1.75. The company’s shares closed on Friday at $1.11.
Gill commented:
“During MWC, we met with CEO Georges Karam and CFO Deborah Choate. We came away incrementally more bullish on SQNS’s competitive positioning in NB-IoT and the monetization of the design win pipeline in the C2H19.”
According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.6% and a 58.3% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.
Currently, the analyst consensus on Sequans Communications S A is a Strong Buy with an average price target of $1.92, representing a 72.8% upside. In a report issued on February 19, Robert W. Baird also maintained a Buy rating on the stock with a $2 price target.
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The company has a one-year high of $2.24 and a one-year low of $0.75. Currently, Sequans Communications S A has an average volume of 197.4K.
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Sequans Communications SA designs, develops and supplies 4G LTE semiconductor solutions for wireless mobile broadband applications with a focus on the single-mode device market. Its solutions incorporate baseband processor and radio frequency, transceiver integrated circuits, along with its proprietary signal processing techniques, algorithms and software stacks. The company’s solutions serve as the core wireless broadband communications platform in devices, including smart phone’s, USB dongles, portable routers, embedded wireless modems for laptops, net books, tablets, and other consumer multimedia and industrial devices, consumer premises equipment, such as residential gateways, and base stations. Sequans Communications was founded by Georges Karam and Bertrand Debray in September 2003 and is headquartered in Paris, France.
