Inmarsat (LON:ISAT)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a research report issued on Monday.
A number of other research analysts have also recently issued reports on the company. Credit Suisse Group reiterated an “outperform” rating and set a GBX 810 ($11.19) price objective on shares of Inmarsat in a research note on Friday, March 9th. Numis Securities reiterated a “sell” rating and set a GBX 400 ($5.53) price objective on shares of Inmarsat in a research note on Wednesday, March 7th. Morgan Stanley lowered their price objective on Inmarsat from GBX 620 ($8.57) to GBX 550 ($7.60) and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Barclays reiterated an “equal weight” rating and set a GBX 570 ($7.88) price objective on shares of Inmarsat in a research note on Friday, February 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 825 ($11.40) price objective on shares of Inmarsat in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 655 ($9.05).
Inmarsat (ISAT) opened at GBX 386.70 ($5.34) on Monday. The stock has a market capitalization of $1,770.00 and a price-to-earnings ratio of 1,333.45. Inmarsat has a one year low of GBX 381.20 ($5.27) and a one year high of GBX 865 ($11.95).
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Inmarsat plc is a United Kingdom-based provider of global mobile satellite communications services. The Company’s segments include Maritime, Government, Enterprise, Aviation and Central Services. The Maritime segment focuses on commercial maritime services across the world. The Maritime segment includes the provision of broadband data and safety communications for all vessel sizes.
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