Inmarsat (LON:ISAT)‘s stock had its “buy” rating restated by Deutsche Bank in a report issued on Friday, ThisIsMoney.Co.Uk reports.
ISAT has been the topic of several other research reports. Barclays set a €77.00 ($89.53) price objective on shares of HeidelbergCement and gave the company a “buy” rating in a research note on Thursday, March 21st. Jefferies Financial Group set a $24.00 price target on shares of Guess? and gave the stock a “buy” rating in a research note on Thursday, March 21st. HSBC lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Numis Securities restated a “buy” rating and set a GBX 200 ($2.61) price target on shares of ConvaTec Group in a research note on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Inmarsat presently has an average rating of “Hold” and a consensus price target of GBX 556.91 ($7.28).
Inmarsat stock opened at GBX 559.60 ($7.31) on Friday. The firm has a market cap of $2.59 billion and a price-to-earnings ratio of -12.81. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 234.06. The company has a 50 day moving average of GBX 547.50. Inmarsat has a twelve month low of GBX 355 ($4.64) and a twelve month high of GBX 583.80 ($7.63).
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, U.S. Government, Global Government, Aviation, and Enterprise. 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.
Further Reading: Are sell-side analysts objective?
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