Sequans Communications S A (SQNS) Gets a Buy Rating from Needham

In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Sequans Communications S A (SQNSResearch Report), with a price target of $1.75. The company’s shares closed last Monday at $0.75, close to its 52-week low of $0.67.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 14.6% and a 62.3% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies, Smart Global Holdings, and Silicon Laboratories.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sequans Communications S A with a $1.75 average price target.

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The company has a one-year high of $1.30 and a one-year low of $0.67. Currently, Sequans Communications S A has an average volume of 95.02K.

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Sequans Communications SA engages in the designs, development, and supply of 4G LTE semiconductor solutions for wireless mobile broadband and internet of things applications, with a specific focus on the single-mode device market.