Inmarsat Plc, London (IMASY) Upgraded to Hold by Zacks Investment Research
Zacks Investment Research upgraded shares of Inmarsat Plc, London (NASDAQ:IMASY) from a sell rating to a hold rating in a report issued on Wednesday.
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. “
Separately, ValuEngine raised shares of Inmarsat Plc, London from a hold rating to a buy rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $10.00.
Shares of Inmarsat Plc, London (NASDAQ IMASY) traded down 1.334% during trading on Wednesday, reaching $8.357. The company’s stock had a trading volume of 684 shares. The company’s 50-day moving average is $9.34 and its 200-day moving average is $10.05. Inmarsat Plc, London has a 12 month low of $7.65 and a 12 month high of $11.19. The company has a market capitalization of $3.79 billion and a P/E ratio of 24.579.
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The firm also recently announced a None dividend, which will be paid on Monday, November 6th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, September 14th.
About Inmarsat Plc, London
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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