Inmarsat (OTCMKTS:IMASY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
According to Zacks, “Inmarsat plc is a provider of global mobile satellite communications services. It provides voice and high-speed data services for use on land, at sea and in the air worldwide. Inmarsat also provides mobile and fixed-site remote telecommunications services, customized turnkey remote telecommunications solutions, value-added services, equipment, and engineering services. The Company serves the maritime, media, oil and gas, construction, aeronautical industries, governments and aid agencies. Inmarsat plc is headquartered in London, the United Kingdom. “
Other equities analysts have also recently issued reports about the company. ValuEngine cut Inmarsat from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Societe Generale upgraded Inmarsat from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Seven analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $5.75.
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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