Zacks Investment Research lowered shares of Inmarsat (OTCMKTS:IMASY) from a buy rating to a hold rating in a report issued on Friday morning.
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 company. Societe Generale raised Inmarsat from a sell rating to a hold rating in a research note on Wednesday, March 14th. ValuEngine cut Inmarsat from a strong-buy rating to a buy rating in a research note on Wednesday, January 3rd. Finally, Goldman Sachs cut Inmarsat from a buy rating to a neutral rating in a research note on Monday, December 11th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $6.00.
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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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