Wall Street Zen downgraded shares of iQSTEL (NASDAQ:IQST – Free Report) from a hold rating to a sell rating in a report published on Saturday.
IQST has been the topic of a number of other reports. Weiss Ratings restated a “sell (e+)” rating on shares of iQSTEL in a research note on Wednesday, June 24th. Zacks Research cut shares of iQSTEL from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, iQSTEL presently has an average rating of “Hold” and an average price target of $18.00.
Get Our Latest Analysis on IQST
iQSTEL Stock Down 4.3%
iQSTEL (NASDAQ:IQST – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.17). iQSTEL had a negative net margin of 2.62% and a negative return on equity of 45.89%. The business had revenue of $97.92 million during the quarter. As a group, equities research analysts anticipate that iQSTEL will post -0.69 earnings per share for the current fiscal year.
Institutional Investors Weigh In On iQSTEL
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new position in iQSTEL in the 2nd quarter worth about $148,000. Geode Capital Management LLC acquired a new stake in shares of iQSTEL during the second quarter valued at about $288,000. Finally, DRW Securities LLC grew its holdings in shares of iQSTEL by 74.2% during the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after purchasing an additional 13,628 shares during the last quarter.
iQSTEL Company Profile
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.
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