Barclays initiated coverage on shares of Bigblu Broadband (LON:BBB) in a report published on Monday, Digital Look reports. The firm issued an overweight rating and a GBX 200 ($2.61) price objective on the stock.

Separately, Numis Securities restated a buy rating on shares of Bigblu Broadband in a report on Monday, June 3rd.

Shares of BBB stock opened at GBX 113 ($1.48) on Monday. The company has a debt-to-equity ratio of 214.28, a quick ratio of 0.54 and a current ratio of 0.65. The company has a market capitalization of $64.20 million and a P/E ratio of -7.64. The company’s 50 day moving average price is GBX 110.68 and its two-hundred day moving average price is GBX 114.74. Bigblu Broadband has a 52 week low of GBX 90 ($1.18) and a 52 week high of GBX 133 ($1.74).

In related news, insider Michael Tobin bought 9,276 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average cost of GBX 108 ($1.41) per share, for a total transaction of £10,018.08 ($13,090.40).

Bigblu Broadband Company Profile

Bigblu Broadband plc provides satellite and wireless broadband telecommunications and related products and services in the United Kingdom, the Nordics, rest of Europe, and Australia. It offers rural, last-mile, and emergency communication services via satellite, wireless, and associated technologies; and fiber alternatives.

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