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ViaSat (NASDAQ:VSAT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday. They currently have a $53.00 price target on the stock. Zacks‘s price target indicates a potential downside of 3.62% from the company’s current price.

Shares of ViaSat (NASDAQ:VSAT) traded up 1.38% on Monday, hitting $54.99. The stock had a trading volume of 329,257 shares. ViaSat has a 52-week low of $53.03 and a 52-week high of $74.78. The stock’s 50-day moving average is $62.79 and its 200-day moving average is $63.47. The company’s market cap is $2.544 billion.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The company had revenue of $343.90 million for the quarter, compared to the consensus estimate of $348.98 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that ViaSat will post $1.43 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Oppenheimer cut their price target on shares of ViaSat from $72.00 to $66.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich reiterated a “sell” rating on shares of ViaSat in a research note on Wednesday, May 21st. They now have a $50.00 price target on the stock, down previously from $53.00. Finally, analysts at Needham & Company LLC raised their price target on shares of ViaSat from $62.00 to $67.00 in a research note on Wednesday, May 21st. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.20.

ViaSat, Inc is a provider of high-speed fixed and mobile broadband services, advanced satellite and other wireless networks and secure networking systems, products and services.

To view Zacks’ full report, visit Zacks’ official website.

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