Global Eagle Entertainment Inc. (ENT) Rating Lowered to Sell at Citigroup Inc
Global Eagle Entertainment Inc. (NASDAQ:ENT) was downgraded by equities researchers at Citigroup Inc from a “neutral” rating to a “sell” rating in a research report issued on Thursday, StockTargetPrices.com reports.
Separately, BidaskClub raised shares of Global Eagle Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.50.
Global Eagle Entertainment (NASDAQ ENT) traded down 8.8304% on Thursday, reaching $2.5801. 540,478 shares of the company traded hands. The stock’s market capitalization is $220.11 million. Global Eagle Entertainment has a 1-year low of $2.38 and a 1-year high of $8.38. The stock has a 50 day moving average of $3.18 and a 200-day moving average of $3.12.
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About Global Eagle Entertainment
Global Eagle Entertainment Inc is a provider of aircraft connectivity systems, operations solutions and media content to the travel industry. The Company’s segments include Connectivity and Content. Its Connectivity segment provides airline partners and their passengers with Wireless Fidelity (Wi-Fi) connectivity over Ku-band satellite transmissions, and to a lesser extent operations solutions to airline customers.
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