Iridium Communications (IRDM) – Research Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Iridium Communications (NASDAQ: IRDM):

  • 1/4/2018 – Iridium Communications was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/31/2017 – Iridium Communications was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 12/29/2017 – Iridium Communications was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/27/2017 – Iridium Communications was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage. Iridium offers voice and data communications services to the U.S. and foreign governments, businesses, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, seven in-orbit spares and related ground infrastructure. Iridium’s commercial end-user base includes the emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation markets. Iridium’s products and related applications are installed in unmanned aerial vehicles, helicopters, commercial aircrafts, marine vessels, and ground vehicles. “
  • 12/26/2017 – Iridium Communications was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage. Iridium offers voice and data communications services to the U.S. and foreign governments, businesses, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, seven in-orbit spares and related ground infrastructure. Iridium’s commercial end-user base includes the emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation markets. Iridium’s products and related applications are installed in unmanned aerial vehicles, helicopters, commercial aircrafts, marine vessels, and ground vehicles. “
  • 12/16/2017 – Iridium Communications was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Iridium Communications Inc (IRDM) opened at $12.00 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.67 and a current ratio of 2.78. The stock has a market cap of $1,180.00, a PE ratio of 15.19, a price-to-earnings-growth ratio of 4.07 and a beta of 1.75. Iridium Communications Inc has a one year low of $7.80 and a one year high of $12.90.

Iridium Communications (NASDAQ:IRDM) last posted its earnings results on Thursday, October 26th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $116.55 million during the quarter, compared to analyst estimates of $113.96 million. Iridium Communications had a net margin of 26.38% and a return on equity of 8.31%. Iridium Communications’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. equities research analysts predict that Iridium Communications Inc will post 0.83 earnings per share for the current fiscal year.

In other news, Director A B. Krongard bought 45,750 shares of Iridium Communications stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $10.89 per share, with a total value of $498,217.50. Following the purchase, the director now directly owns 149,788 shares of the company’s stock, valued at approximately $1,631,191.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.40% of the company’s stock.

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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