Inmarsat (ISAT) Given “Buy” Rating at Deutsche Bank
Several other brokerages also recently weighed in on ISAT. Numis Securities downgraded Inmarsat to a sell rating in a research report on Friday, August 3rd. Berenberg Bank upped their price target on Inmarsat from GBX 440 ($5.75) to GBX 460 ($6.01) and gave the stock a hold rating in a research note on Wednesday, July 11th. Royal Bank of Canada reissued an outperform rating and issued a GBX 850 ($11.11) target price on shares of Inmarsat in a report on Wednesday, July 4th. Credit Suisse Group reissued an outperform rating on shares of Inmarsat in a report on Thursday, July 12th. Finally, Barclays upped their price target on Inmarsat from GBX 420 ($5.49) to GBX 460 ($6.01) and gave the company an equal weight rating in a report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 559.12 ($7.31).
ISAT stock traded down GBX 0.60 ($0.01) during mid-day trading on Friday, reaching GBX 484.90 ($6.34). 1,998,560 shares of the company traded hands, compared to its average volume of 2,850,000. Inmarsat has a 52-week low of GBX 381.20 ($4.98) and a 52-week high of GBX 865 ($11.30).
Inmarsat Company Profile
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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