Litchfield Hills Research Cuts Earnings Estimates for iQSTEL

iQSTEL Inc. (NASDAQ:IQST) – Litchfield Hills Research lowered their Q4 2027 earnings estimates for shares of iQSTEL in a note issued to investors on Monday, April 20th. Litchfield Hills Research analyst B. Sine now anticipates that the company will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.04. The consensus estimate for iQSTEL’s current full-year earnings is ($0.49) per share.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of iQSTEL in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.00.

iQSTEL Stock Performance

Shares of IQST stock opened at $1.52 on Wednesday. The company has a market capitalization of $7.71 million and a P/E ratio of -0.80. The company’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $3.30. iQSTEL has a 52 week low of $1.48 and a 52 week high of $18.68.

Institutional Trading of iQSTEL

Hedge funds and other institutional investors have recently made changes to their positions in the business. DRW Securities LLC raised its holdings in shares of iQSTEL by 74.2% in the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after purchasing an additional 13,628 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of iQSTEL in the second quarter valued at approximately $148,000. Finally, Geode Capital Management LLC acquired a new stake in shares of iQSTEL in the second quarter valued at approximately $288,000.

About iQSTEL

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.