iQSTEL (NASDAQ:IQST) Upgraded at Zacks Research

iQSTEL (NASDAQ:IQST) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

IQST has been the subject 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. Wall Street Zen downgraded iQSTEL from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

iQSTEL Stock Down 0.8%

Shares of IQST stock opened at $1.17 on Thursday. iQSTEL has a 12 month low of $0.87 and a 12 month high of $7.57. The company’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $1.54. The firm has a market cap of $7.89 million and a PE ratio of -0.44.

iQSTEL (NASDAQ:IQST) last released its earnings results on Wednesday, May 20th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates 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. On average, equities analysts predict that iQSTEL will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of iQSTEL

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new stake in iQSTEL in the second quarter valued at $288,000. Cetera Investment Advisers acquired a new position in shares of iQSTEL during the 2nd quarter worth about $148,000. Finally, DRW Securities LLC increased its stake in shares of iQSTEL by 74.2% during the 4th 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.