Global Eagle Entertainment Inc. (ENT) Downgraded by ValuEngine
Global Eagle Entertainment Inc. (NASDAQ:ENT) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
A number of other brokerages also recently issued reports on ENT. BidaskClub downgraded Global Eagle Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. downgraded Global Eagle Entertainment from a “neutral” rating to a “sell” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.50.
Shares of Global Eagle Entertainment (NASDAQ:ENT) traded down 6.54% on Tuesday, hitting $2.43. 869,677 shares of the company traded hands. The stock’s market capitalization is $207.30 million. Global Eagle Entertainment has a 1-year low of $2.38 and a 1-year high of $8.38. The firm’s 50 day moving average price is $3.13 and its 200-day moving average price is $3.11.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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