Sierra Wireless (SWIR) Rating Increased to Sell at BidaskClub

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

SWIR has been the topic of several other reports. TD Securities lowered their target price on Sierra Wireless from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Northland Securities restated a “hold” rating and issued a $26.00 target price on shares of Sierra Wireless in a research report on Friday, November 3rd. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, November 27th. Zacks Investment Research upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Scotiabank upgraded Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 target price on the stock in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.95.

Shares of Sierra Wireless (NASDAQ SWIR) opened at $21.30 on Friday. Sierra Wireless has a 1 year low of $15.75 and a 1 year high of $31.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 1.54. The company has a market capitalization of $768.09, a P/E ratio of 29.58 and a beta of 3.17.

Several hedge funds have recently modified their holdings of SWIR. Legal & General Group Plc increased its position in shares of Sierra Wireless by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock valued at $115,000 after purchasing an additional 198 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Sierra Wireless during the 2nd quarter valued at $136,000. Shell Asset Management Co. increased its position in shares of Sierra Wireless by 149.0% during the 3rd quarter. Shell Asset Management Co. now owns 7,307 shares of the communications equipment provider’s stock valued at $219,000 after purchasing an additional 4,373 shares during the period. HighTower Advisors LLC increased its position in shares of Sierra Wireless by 9.3% during the 2nd quarter. HighTower Advisors LLC now owns 8,230 shares of the communications equipment provider’s stock valued at $230,000 after purchasing an additional 700 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Sierra Wireless during the 2nd quarter valued at $231,000. Institutional investors own 20.98% of the company’s stock.

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About Sierra Wireless

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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