Inmarsat Stock Rating Reaffirmed by AlphaValue (ISAT)
Inmarsat (LON:ISAT)‘s stock had its “reduce” rating reiterated by stock analysts at AlphaValue in a report issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 724 ($11.62) price objective on the stock. AlphaValue’s target price would indicate a potential upside of 2.70% from the company’s current price.
Shares of Inmarsat (LON:ISAT) traded down 1.06% on Thursday, hitting GBX 697.50. The stock had a trading volume of 849,415 shares. Inmarsat has a 52 week low of GBX 534.50 and a 52 week high of GBX 749.00. The stock’s 50-day moving average is GBX 712.7 and its 200-day moving average is GBX 686.0. The company’s market cap is £3.122 billion.
ISAT has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Inmarsat in a research note to investors on Tuesday. They now have a GBX 825 ($13.24) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Inmarsat in a research note to investors on Tuesday. They now have a GBX 800 ($12.83) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Inmarsat in a research note to investors on Monday, September 30th. They now have a GBX 635 ($10.19) price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 736.97 ($11.82).
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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