AlphaValue Reiterates “Reduce” Rating for Inmarsat Plc (ISAT)
Inmarsat Plc (LON:ISAT)‘s stock had its “reduce” rating reiterated by equities researchers at AlphaValue in a research report issued on Tuesday, StockRatingsNetwork reports. They currently have a GBX 719 ($12.11) price target on the stock. AlphaValue’s price target would suggest a potential downside of 1.57% from the company’s current price.
Shares of Inmarsat Plc (LON:ISAT) opened at 727.50 on Tuesday. Inmarsat Plc has a one year low of GBX 599.055 and a one year high of GBX 774.50. The stock has a 50-day moving average of GBX 739.1 and a 200-day moving average of GBX 719.7. The company’s market cap is £3.256 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Inmarsat Plc in a research note on Wednesday, May 7th. They now have a GBX 800 ($13.47) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Inmarsat Plc in a research note on Wednesday, May 7th. They now have a GBX 780 ($13.14) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Inmarsat Plc in a research note on Tuesday, May 6th. They now have a GBX 715 ($12.04) price target on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Inmarsat Plc presently has an average rating of “Hold” and an average target price of GBX 749.31 ($12.62).
Inmarsat plc is a provider of global mobile satellite communications services (LON:ISAT), providing data and voice connectivity worldwide.
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