Zacks Investment Research downgraded shares of INMARSAT PLC/ADR (OTCMKTS:IMASY) from a hold rating to a sell rating in a report published on Wednesday morning, Zacks.com reports.

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/ADR from a hold rating to a buy rating in a research report on Wednesday, March 20th.

IMASY stock opened at $6.85 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.80. INMARSAT PLC/ADR has a 1 year low of $4.55 and a 1 year high of $8.75.

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, April 23rd will be given a $0.106 dividend. The ex-dividend date of this dividend is Monday, April 22nd.

INMARSAT PLC/ADR 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, U.S. Government, Global Government, Aviation, and Enterprise. 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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