Inmarsat Plc, London (NASDAQ:IMASY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Inmarsat plc is a provider of global mobile satellite communications services. It provides voice and high-speed data services for use on land, at sea and in the air worldwide. Inmarsat also provides mobile and fixed-site remote telecommunications services, customized turnkey remote telecommunications solutions, value-added services, equipment, and engineering services. The Company serves the maritime, media, oil and gas, construction, aeronautical industries, governments and aid agencies. Inmarsat plc is headquartered in London, the United Kingdom. “
Separately, ValuEngine upgraded Inmarsat Plc, London from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.00.
Shares of Inmarsat Plc, London (NASDAQ:IMASY) opened at 8.58 on Tuesday. The firm has a 50-day moving average of $9.69 and a 200-day moving average of $10.08. The firm has a market capitalization of $3.89 billion and a P/E ratio of 25.24. Inmarsat Plc, London has a one year low of $7.65 and a one year high of $11.19.
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About Inmarsat Plc, London
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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