Global Eagle Entertainment (NASDAQ:ENT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Global Eagle Entertainment Inc. offers content and connectivity services for the airline industry. It provides airlines with in-flight video content, e-commerce and information services. Global Eagle Entertainment Inc., formerly known as Global Eagle Acquisition Corp., is headquartered in Los Angeles, California. “

Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Global Eagle Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. ValuEngine raised Global Eagle Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, June 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Global Eagle Entertainment has a consensus rating of “Hold” and a consensus target price of $3.25.

Shares of NASDAQ ENT opened at $2.37 on Monday. The company has a market capitalization of $227.29 million, a P/E ratio of -1.22 and a beta of 1.81. Global Eagle Entertainment has a 52 week low of $0.87 and a 52 week high of $3.59. The company has a debt-to-equity ratio of -8.01, a current ratio of 0.96 and a quick ratio of 0.82.

Global Eagle Entertainment (NASDAQ:ENT) last announced its quarterly earnings results on Thursday, August 9th. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.20). The firm had revenue of $165.96 million during the quarter, compared to the consensus estimate of $161.11 million. Global Eagle Entertainment had a negative net margin of 42.86% and a negative return on equity of 370.92%. equities analysts forecast that Global Eagle Entertainment will post -1.47 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fortaleza Asset Management Inc. acquired a new stake in Global Eagle Entertainment in the 2nd quarter worth approximately $100,000. First Mercantile Trust Co. lifted its holdings in Global Eagle Entertainment by 97.0% in the 1st quarter. First Mercantile Trust Co. now owns 89,923 shares of the company’s stock worth $132,000 after purchasing an additional 44,275 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Global Eagle Entertainment in the 2nd quarter worth approximately $153,000. Jane Street Group LLC acquired a new stake in Global Eagle Entertainment in the 2nd quarter worth approximately $161,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in Global Eagle Entertainment by 226.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 75,000 shares of the company’s stock worth $189,000 after purchasing an additional 52,000 shares during the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

About Global Eagle Entertainment

Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.

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