BidaskClub upgraded shares of Iridium Communications (NASDAQ:IRDM) from a hold rating to a buy rating in a report issued on Tuesday morning.
A number of other brokerages have also recently commented on IRDM. ValuEngine cut Iridium Communications from a strong-buy rating to a buy rating in a research report on Friday, February 23rd. Zacks Investment Research raised Iridium Communications from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $13.00.
Shares of NASDAQ IRDM opened at $11.25 on Tuesday. Iridium Communications has a one year low of $8.88 and a one year high of $13.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.83 and a current ratio of 1.92. The firm has a market cap of $1,228.54, a PE ratio of 16.07, a PEG ratio of 31.03 and a beta of 1.79.
Several large investors have recently added to or reduced their stakes in IRDM. Elkfork Partners LLC bought a new stake in shares of Iridium Communications during the 4th quarter valued at $108,000. Jane Street Group LLC bought a new stake in shares of Iridium Communications during the 4th quarter valued at $129,000. Trexquant Investment LP bought a new stake in shares of Iridium Communications during the 3rd quarter valued at $191,000. Alps Advisors Inc. bought a new stake in shares of Iridium Communications during the 4th quarter valued at $257,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Iridium Communications during the 3rd quarter valued at $286,000. Institutional investors own 99.96% of the company’s stock.
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Iridium Communications Company Profile
Iridium Communications Inc provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of things (IoT) services.
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