Credit Suisse Group Reiterates “Outperform” Rating for Inmarsat (ISAT)

Inmarsat (LON:ISAT)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a note issued to investors on Tuesday.

Several other analysts also recently commented on the company. Deutsche Bank reaffirmed a “buy” rating on shares of Inmarsat in a research note on Friday, September 28th. Royal Bank of Canada downgraded Inmarsat to a “sector performer” rating and dropped their price objective for the stock from GBX 725 ($9.47) to GBX 650 ($8.49) in a research note on Tuesday, September 4th. Numis Securities reaffirmed a “sell” rating on shares of Inmarsat in a research note on Monday, August 13th. Goldman Sachs Group raised their price objective on Inmarsat from GBX 480 ($6.27) to GBX 500 ($6.53) and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Finally, Societe Generale raised Inmarsat to a “hold” rating and raised their price objective for the stock from GBX 385 ($5.03) to GBX 560 ($7.32) in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Inmarsat currently has a consensus rating of “Hold” and an average price target of GBX 559.12 ($7.31).

Shares of Inmarsat stock opened at GBX 496.70 ($6.49) on Tuesday. Inmarsat has a 12 month low of GBX 381.20 ($4.98) and a 12 month high of GBX 865 ($11.30).

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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Inmarsat (LON:ISAT)

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