UBS Cuts Sequans (SQNS) to Neutral Amid Lowered Q4 Guidance

December 14, 2011 12:39 PM EST
Get Alerts SQNS Hot Sheet
Price: $3.06 +0.99%

Rating Summary:
    8 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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A UBS analyst just downgraded shares of Sequans Communications (NYSE: SQNS) from Buy to Neutral Wednesday afternoon. The UBS analyst set a $2.75 price target on the stock.

The lowered investment rating follows reduced Q4 guidance and the resulting 30-plus percent slide this afternoon.

For an analyst ratings summary and ratings history on Sequans Communications click here. For more ratings news on Sequans Communications click here.


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