iQSTEL, Inc. (USOTC: IQST) -- October 27, 2020 -- via pennymillions/IQST



 

Goldman Small Cap Research today published an Analyst Research Report on IQST with a $0.54 Price Per Share (PPS) Target, nearly 10x yesterday’s closing at $0.067 PPS. 

The IQST PPS as of this writing, had broken its $0.083 200 day moving average reaching $0.085 on over 3 million shares of trading volume.

With only 78.2 million shares outstanding, Goldman’s $0.54 PPS target reflects only 1x 2020E sales and 0.7x 2021E revenue – “upside to our targets and metrics are in the cards,” reports Goldman.

Goldman Small Cap Research Report Highlights:

iQSTEL, Inc. is a US-based, Next Generation Communications and Fintech Services company with a presence in 13 countries. The Company offers a wide range of cloud-based, enhanced services to Tier-1 and Tier-2 carriers, corporate, enterprise customers and the retail market. Through its subsidiaries iQSTEL offers "one-stop-shopping". These offerings include international and domestic VoIP services, IP-PBX services, SMS exchange for A2P and P2P, OmniChannel Marketing, Internet of Things (IoT) applications, 4G/5G international infrastructure connectivity, and diversified blockchain-based platforms.

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. 
Revenue is projected to reach $42M in 2020, up from $18M last year, with sales hitting $60M in 2021 and $80.7M in 2022. EPS of $0.04 and $0.13 are expected in 2021 and 2022, respectively.

Our price target of $0.54, or nearly 10x the current price reflects a compelling valuation given that IQST trades at a substantial discount to its peer group. Our target reflects only 1x 2020E sales and 0.7x 2021E revenue and upside to our targets and metrics are in the cards.

See the full report at www.goldmansmallcapresearch.com/IQST

Other stocks on the move:  SFOR, BRTXQ, and VISM

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