There were many stocks that recorded gains on Tuesday and one of those was that of iQSTEL Inc (OTCMKTS:IQST). The stock went up by as much as 8% yesterday after the company announced that it was upgraded by the OTC Markets to the OTCQB.
However, more importantly, it is necessary to keep in mind that it only a step for the company as it tries to get listed on NASDAQ eventually. The Chief Executive Officer of the company Leandro Iglesius stated that this demonstrates the company’s commitment to the goal of being listed on NASDAQ.
The company has also made an entry into the potentially lucrative 5G space through a network carrier partnership and last month, iQSTEL made a key announcement regarding the same. The company revealed that the partnership is also going to have an equity component and it is going to see iQSTEL picking up a 10% equity stake in the carrier. Investors could do well to keep the stock in their watch lists at this point.