Inmarsat (ISAT) Receives Average Rating of “Hold” from Analysts
Shares of Inmarsat (LON:ISAT) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 580.28 ($8.31).
A number of brokerages have weighed in on ISAT. Citigroup reissued a “buy” rating on shares of Inmarsat in a report on Monday, March 12th. Deutsche Bank cut their price target on shares of Inmarsat from GBX 850 ($12.17) to GBX 575 ($8.23) and set a “buy” rating for the company in a report on Monday, March 12th. Barclays cut their price target on shares of Inmarsat from GBX 600 ($8.59) to GBX 570 ($8.16) and set an “equal weight” rating for the company in a report on Friday, January 19th. Morgan Stanley cut their price target on shares of Inmarsat from GBX 620 ($8.88) to GBX 550 ($7.88) and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Finally, Numis Securities raised shares of Inmarsat to a “hold” rating and upped their price target for the company from GBX 400 ($5.73) to GBX 450 ($6.44) in a report on Monday, March 12th.
ISAT traded up GBX 5 ($0.07) on Thursday, reaching GBX 364.10 ($5.21). The company had a trading volume of 1,176,258 shares, compared to its average volume of 2,850,000. Inmarsat has a one year low of GBX 381.20 ($5.46) and a one year high of GBX 865 ($12.39).
In other Inmarsat news, insider Tony Bates sold 13,684 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of GBX 349 ($5.00), for a total transaction of £47,757.16 ($68,380.81).
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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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