Deutsche Bank Reiterates “Buy” Rating for Inmarsat (ISAT)
Inmarsat (LON:ISAT)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank in a note issued to investors on Wednesday.
A number of other research firms also recently commented on ISAT. Morgan Stanley boosted their target price on Inmarsat from GBX 490 ($6.38) to GBX 560 ($7.29) and gave the stock an “equal weight” rating in a research report on Wednesday, August 8th. Societe Generale upgraded Inmarsat to a “hold” rating and boosted their target price for the stock from GBX 385 ($5.01) to GBX 560 ($7.29) in a research report on Thursday, August 9th. Numis Securities downgraded Inmarsat to a “sell” rating in a research report on Friday, August 3rd. Barclays boosted their target price on Inmarsat from GBX 460 ($5.99) to GBX 465 ($6.06) and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Finally, Goldman Sachs Group boosted their target price on Inmarsat from GBX 480 ($6.25) to GBX 500 ($6.51) and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 559.12 ($7.28).
ISAT opened at GBX 488.70 ($6.37) on Wednesday. Inmarsat has a one year low of GBX 381.20 ($4.97) and a one year high of GBX 865 ($11.27).
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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