Inmarsat Plc, London (NASDAQ:IMASY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
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. “
Other equities research analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc. assumed coverage on shares of Inmarsat Plc, London in a report on Wednesday, August 10th. They issued a “buy” rating on the stock. Citigroup Inc. upgraded shares of Inmarsat Plc, London from a “neutral” rating to a “buy” rating in a report on Monday, June 20th.
Inmarsat Plc, London (NASDAQ:IMASY) opened at 9.47 on Monday. The stock has a market capitalization of $4.26 billion and a price-to-earnings ratio of 15.78. The company has a 50-day moving average of $10.03 and a 200-day moving average of $11.27. Inmarsat Plc, London has a 1-year low of $8.71 and a 1-year high of $17.17.
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