Iridium Communications (NASDAQ:IRDM) will release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Iridium Communications to post earnings of $0.11 per share for the quarter.
Shares of Iridium Communications (NASDAQ IRDM) opened at $12.05 on Thursday. The firm has a market cap of $1,180.00, a P/E ratio of 15.25, a P/E/G ratio of 3.90 and a beta of 1.77. The company has a current ratio of 2.78, a quick ratio of 2.67 and a debt-to-equity ratio of 1.17. Iridium Communications has a 1 year low of $7.80 and a 1 year high of $13.00.
Several brokerages recently weighed in on IRDM. ValuEngine raised shares of Iridium Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BidaskClub downgraded shares of Iridium Communications from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research downgraded shares of Iridium Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. TheStreet raised shares of Iridium Communications from a “c+” rating to a “b” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Co raised their price target on shares of Iridium Communications from $9.75 to $12.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Iridium Communications presently has a consensus rating of “Buy” and an average target price of $13.00.
Iridium Communications Inc is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure.
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