ValuEngine lowered shares of Global Eagle Entertainment (NASDAQ:ENT) from a buy rating to a hold rating in a research report released on Saturday morning, ValuEngine reports.
A number of other brokerages also recently issued reports on ENT. Needham & Company LLC reissued a hold rating on shares of Global Eagle Entertainment in a research report on Friday, March 20th. Zacks Investment Research downgraded shares of Global Eagle Entertainment from a buy rating to a hold rating in a research report on Wednesday, May 27th.
Shares of ENT stock opened at $4.58 on Friday. Global Eagle Entertainment has a 1 year low of $1.52 and a 1 year high of $24.00. The firm has a fifty day moving average price of $4.33 and a 200-day moving average price of $1.59. The company has a market cap of $14.98 million, a price-to-earnings ratio of -0.11 and a beta of 1.22.
A hedge fund recently raised its stake in Global Eagle Entertainment stock. Frontier Capital Management Co. LLC increased its position in Global Eagle Entertainment Inc (NASDAQ:ENT) by 0.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,719,628 shares of the company’s stock after buying an additional 18,378 shares during the period. Frontier Capital Management Co. LLC owned about 5.08% of Global Eagle Entertainment worth $744,000 at the end of the most recent quarter.
About Global Eagle Entertainment
Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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