IQST Rallies on EV Solution Partnership

November 4, 2020 -- InvestorsHub NewsWire -- via PennyStock101 --
iQSTEL Inc.
(STOCK: IQST )
Current Price: $0.1031
Goldman Small Cap Research PT: $0.54
Float: 52.65M

iQSTEL , Inc. (USOTC: IQST ) an international telecommunication and fintech service provider, and Alternet Systems, Inc. (USOTC: ALYI), an electric vehicle ( EV ) innovator, today announced a letter of intent (LOI) agreement for IQST’s Internet of Things ( IoT ) development team to combine efforts with ALYI’s EV engineering and design program to codevelop two-way device communication solutions specific to the EV operating environment.

The Bullish Case For IQST

Highly diversified tech company with several multi-billion dollar market opportunities
The Fintech industry is growing at an almost exponential rate with over $500B in annual remittances and over $1.5T in annual mobile payments.

IQST’s business model is innovative and the Company is the beneficiary of current trends. These include 5G deployment, and the introduction of new iPhone. Plus, the global pandemic has prompted increases in SMS usage along with B2C fintech expansion
Market analyst Goldman Small Cap Research slapped on a price target of $0.54, a nearly 5x return from current levels.

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Other stocks on the move include DCAC and GAXY.