Deutsche Bank reaffirmed their buy rating on shares of Inmarsat (LON:ISAT) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports.
Separately, Numis Securities reissued a hold rating and set a GBX 546 ($7.13) price objective on shares of Inmarsat in a research note on Friday, May 3rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 556.91 ($7.28).
Shares of ISAT traded up GBX 4.20 ($0.05) during mid-day trading on Friday, reaching GBX 578.40 ($7.56). 3,368,355 shares of the company’s stock were exchanged, compared to its average volume of 2,850,000. The company has a debt-to-equity ratio of 234.06, a quick ratio of 0.76 and a current ratio of 0.81. The stock’s 50-day simple moving average is GBX 555.90. Inmarsat has a 52-week low of GBX 355 ($4.64) and a 52-week high of GBX 583.80 ($7.63). The company has a market cap of $2.68 billion and a P/E ratio of -13.24.
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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