ISAT has been the topic of several other research reports. Royal Bank of Canada cut shares of Inmarsat to a sector performer rating and reduced 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 reduced their price objective on shares of Inmarsat from GBX 450 ($5.88) to GBX 430 ($5.62) and set a hold rating on the stock in a research note on Monday, June 11th. Deutsche Bank reissued a buy rating on shares of Inmarsat in a research note on Wednesday, September 12th. Berenberg Bank boosted their price objective on shares of Inmarsat from GBX 440 ($5.75) to GBX 460 ($6.01) and gave the stock a hold rating in a research note on Wednesday, July 11th. Finally, Barclays boosted their price objective on shares of Inmarsat from GBX 420 ($5.49) to GBX 460 ($6.01) and gave the stock an equal weight rating in a research note on Wednesday, July 11th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Inmarsat currently has an average rating of Hold and an average target price of GBX 559.12 ($7.31).
Shares of Inmarsat stock opened at GBX 484.90 ($6.34) on Tuesday. Inmarsat has a twelve month low of GBX 381.20 ($4.98) and a twelve month high of GBX 865 ($11.30).
The company also recently declared a dividend, which will be paid on Friday, October 19th. Shareholders of record on Thursday, September 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a yield of 1.11%.
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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