Inmarsat (OTCMKTS:IMASY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
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 firms also recently commented on IMASY. ValuEngine raised shares of Inmarsat from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Berenberg Bank raised shares of Inmarsat from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. UBS raised shares of Inmarsat from a “sell” rating to a “neutral” rating in a report on Wednesday, November 15th. Finally, Barclays raised shares of Inmarsat from an “underweight” rating to an “equal weight” rating in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold”.
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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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