Global Eagle Entertainment (ENT) Shares Down 28.1%
Global Eagle Entertainment Inc (NASDAQ:ENT) traded down 28.1% during trading on Friday . The company traded as low as $1.65 and last traded at $1.79. 1,289,987 shares traded hands during mid-day trading, an increase of 600% from the average session volume of 184,278 shares. The stock had previously closed at $2.49.
A number of equities research analysts recently commented on the stock. ValuEngine downgraded shares of Global Eagle Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. Zacks Investment Research downgraded shares of Global Eagle Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Finally, Canaccord Genuity restated a “hold” rating on shares of Global Eagle Entertainment in a research report on Thursday, November 22nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $3.00.
The stock has a market cap of $164.14 million, a P/E ratio of -0.91 and a beta of 1.54.
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About Global Eagle Entertainment (NASDAQ:ENT)
Global Eagle Entertainment Inc provides content, connectivity, and digital media solutions for travel industry worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.
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