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ViaSat (NASDAQ:VSAT) was downgraded by equities researchers at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on VSAT. Analysts at Oppenheimer downgraded shares of ViaSat from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $62.00 price target on the stock. Separately, analysts at Needham & Company LLC cut their price target on shares of ViaSat from $67.00 to $61.00 in a research note on Wednesday. They now have a “strong-buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.88.

In other ViaSat news, Director John P. Stenbit sold 3,100 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $58.45, for a total transaction of $181,195.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of ViaSat (NASDAQ:VSAT) opened at 53.06 on Friday. ViaSat has a 52-week low of $51.50 and a 52-week high of $74.78. The stock’s 50-day moving average is $57.59 and its 200-day moving average is $61.53. The company’s market cap is $2.469 billion.

ViaSat (NASDAQ:VSAT) last released its earnings data on Tuesday, August 12th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.10. The company had revenue of $319.50 million for the quarter, compared to the consensus estimate of $349.88 million. On average, analysts predict that ViaSat will post $1.18 earnings per share for the current fiscal year.

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.

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