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

Inmarsat (LON:ISAT)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also recently commented on ISAT. HSBC cut 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 stock a “buy” rating in a research report on Thursday, March 21st. Numis Securities restated a “buy” rating and issued a GBX 200 ($2.61) target price on shares of ConvaTec Group in a research report on Friday, May 3rd. Finally, Jefferies Financial Group set a $24.00 price target on shares of Guess? and gave the stock a “buy” rating in a research note on Thursday, March 21st. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 556.91 ($7.28).

LON ISAT opened at GBX 559.60 ($7.31) on Friday. Inmarsat has a 52 week low of GBX 355 ($4.64) and a 52 week high of GBX 583.80 ($7.63). The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 234.06. The company has a market cap of $2.59 billion and a PE ratio of -12.81. The stock has a 50-day moving average price of GBX 547.50.

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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