Inmarsat PLC (OTCMKTS:IMASY) – Equities research analysts at Jefferies Group lowered their FY2018 EPS estimates for Inmarsat in a research report issued to clients and investors on Friday. Jefferies Group analyst G. Thorne now expects that the technology company will earn $0.47 per share for the year, down from their previous estimate of $0.54. Jefferies Group also issued estimates for Inmarsat’s FY2019 earnings at $0.42 EPS and FY2020 earnings at $0.57 EPS.
Several other brokerages have also recently issued reports on IMASY. ValuEngine upgraded Inmarsat from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Inmarsat from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Berenberg Bank upgraded Inmarsat from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Barclays upgraded Inmarsat from an “underweight” rating to an “equal weight” rating in a research note on Friday, November 17th. Finally, UBS upgraded Inmarsat from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.
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Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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