Deutsche Bank Reaffirms “Buy” Rating for Inmarsat (LON:ISAT)

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Deutsche Bank reaffirmed their buy rating on shares of Inmarsat (LON:ISAT) in a report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other research firms have also commented on ISAT. Numis Securities restated a buy rating and set a GBX 200 ($2.61) price target on shares of ConvaTec Group in a research report on Friday, May 3rd. HSBC lowered shares of China Mobile from a buy rating to a hold rating in a research report on Thursday, March 21st. Barclays set a €77.00 ($89.53) target price on shares of HeidelbergCement and gave the company a buy rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group set a $24.00 target price on shares of Guess? and gave the company a buy rating in a research report on Thursday, March 21st. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 556.91 ($7.28).

ISAT opened at GBX 556.60 ($7.27) on Friday. The stock has a 50-day moving average of GBX 547.50. The stock has a market capitalization of $2.58 billion and a price-to-earnings ratio of -12.74. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 234.06. Inmarsat has a 12 month low of GBX 355 ($4.64) and a 12 month high of GBX 583.80 ($7.63).

About Inmarsat

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, U.S. Government, Global Government, Aviation, and Enterprise. 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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Analyst Recommendations for Inmarsat (LON:ISAT)

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