A number of other brokerages have also recently issued reports on ISAT. Morgan Stanley raised their price objective on Inmarsat from GBX 490 ($6.38) to GBX 560 ($7.29) and gave the company an equal weight rating in a research note on Wednesday, August 8th. Societe Generale raised Inmarsat to a hold rating and raised their price objective for the company from GBX 385 ($5.01) to GBX 560 ($7.29) in a research note on Thursday, August 9th. Numis Securities cut Inmarsat to a sell rating in a research note on Friday, August 3rd. Barclays raised their price objective on Inmarsat from GBX 460 ($5.99) to GBX 465 ($6.06) and gave the company an equal weight rating in a research note on Friday, August 3rd. Finally, Goldman Sachs Group raised their price objective on Inmarsat from GBX 480 ($6.25) to GBX 500 ($6.51) and gave the company a neutral rating in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 559.12 ($7.28).
ISAT opened at GBX 494.10 ($6.44) on Wednesday. Inmarsat has a 52 week low of GBX 381.20 ($4.97) and a 52 week high of GBX 865 ($11.27).
Inmarsat Company Profile
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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