Inmarsat Plc, London (IMASY) Upgraded to Hold at Zacks Investment Research
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. “
Several other research analysts have also recently commented on IMASY. Citigroup Inc. upgraded shares of Inmarsat Plc, London from a neutral rating to a buy rating in a report on Monday, June 20th. Goldman Sachs Group Inc. started coverage on shares of Inmarsat Plc, London in a report on Wednesday, August 10th. They set a buy rating for the company.
Shares of Inmarsat Plc, London (NASDAQ:IMASY) opened at 8.91 on Monday. Inmarsat Plc, London has a 1-year low of $8.71 and a 1-year high of $17.17. The stock has a 50 day moving average of $10.08 and a 200-day moving average of $11.30. The firm has a market cap of $4.01 billion and a price-to-earnings ratio of 14.85.
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