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Investment analysts at Beaufort Securities initiated coverage on shares of Avanti Communications Group Plc (LON:AVN) in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm set a “speculative buy” rating on the stock.

Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Avanti Communications Group Plc in a research note on Wednesday. They now have a GBX 580 ($9.52) price target on the stock.

Shares of Avanti Communications Group Plc (LON:AVN) traded down 6.18% during mid-day trading on Thursday, hitting GBX 206.6324. The stock had a trading volume of 564,909 shares. Avanti Communications Group Plc has a 52 week low of GBX 135.25 and a 52 week high of GBX 338.16. The stock’s 50-day moving average is GBX 231.6 and its 200-day moving average is GBX 216.1.

Avanti Communications Group plc is engaged in the provision of satellite communication services. The services are principally provided through Ka-band satellites.

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