Goldman Small Cap Research has published an updated analyst report that made this Florida-based telecom company’s shares rip following the guidance. Shares of iQSTEL Inc. (OTCPK:IQST) traded up after the analyst report provided support for a $0.61/share price target, which is over 100% from the close last Friday of $0.30/share. To make things even more bullish, there was a suggestion made by Goldman that the share price could make it to as high as $1.00/share before the year is over.
iQSTEL Inc. is a technology company offering a wide array of services to the telecom and Internet industry. along with its subsidiary the firm offers international long-distance voice services for Tier-1 worldwide telco carriers (ILD Wholesale) and submarine fiber optic network capacity for data carriers and internet service providers both land-based and mobile (4G and 5G).
Traders couldn’t get their hands on shares of this stock fast enough, as shares popped to a session high of $0.399/share (+33%). This move is a strong continuation of the momentum this stock has been enjoying over the last few months.
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