Inmarsat (LON:ISAT)‘s stock had its “buy” rating reissued by analysts at Citigroup in a research report issued to clients and investors on Monday.
ISAT has been the subject of a number of other reports. Numis Securities restated a “sell” rating and set a GBX 400 ($5.53) target price on shares of Inmarsat in a research report on Wednesday, November 22nd. Royal Bank of Canada restated an “outperform” rating and set a GBX 825 ($11.40) target price on shares of Inmarsat in a research report on Friday, January 12th. HSBC decreased their target price on shares of Inmarsat from GBX 720 ($9.95) to GBX 570 ($7.88) and set a “hold” rating for the company in a research report on Wednesday, November 15th. Morgan Stanley decreased their target price on shares of Inmarsat from GBX 620 ($8.57) to GBX 550 ($7.60) and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 810 ($11.19) target price on shares of Inmarsat in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Inmarsat currently has a consensus rating of “Hold” and an average price target of GBX 657.78 ($9.09).
Inmarsat (LON:ISAT) traded down GBX 15.70 ($0.22) during midday trading on Monday, reaching GBX 417 ($5.76). 2,237,122 shares of the company were exchanged, compared to its average volume of 2,310,000. The firm has a market capitalization of $1,980.00 and a P/E ratio of 1,437.93. Inmarsat has a 52 week low of GBX 418.70 ($5.78) and a 52 week 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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