Zacks Investment Research upgraded shares of Global Eagle Entertainment (NASDAQ:ENT) from a sell rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “Global Eagle Entertainment Inc. offers content and connectivity services for the airline industry. It provides airlines with in-flight video content, e-commerce and information services. Global Eagle Entertainment Inc., formerly known as Global Eagle Acquisition Corp., is headquartered in Los Angeles, California. “

A number of other equities analysts also recently commented on the stock. Northland Securities set a $5.00 price objective on shares of Global Eagle Entertainment and gave the stock a buy rating in a research note on Tuesday, March 26th. William Blair downgraded shares of Global Eagle Entertainment from a market perform rating to an underperform rating and set a $1.16 price objective for the company. in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $3.05.

Global Eagle Entertainment stock opened at $1.06 on Thursday. Global Eagle Entertainment has a one year low of $0.50 and a one year high of $3.16. The stock has a market cap of $97.91 million, a PE ratio of -0.41 and a beta of 1.35.

Global Eagle Entertainment (NASDAQ:ENT) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.01). The firm had revenue of $166.62 million for the quarter, compared to the consensus estimate of $156.24 million. Research analysts anticipate that Global Eagle Entertainment will post -1.49 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Frontier Capital Management Co. LLC lifted its stake in Global Eagle Entertainment by 5.0% in the 1st quarter. Frontier Capital Management Co. LLC now owns 5,934,107 shares of the company’s stock valued at $4,210,000 after purchasing an additional 282,368 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Global Eagle Entertainment by 106.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,222,787 shares of the company’s stock valued at $2,996,000 after purchasing an additional 2,181,834 shares during the last quarter. BlackRock Inc. lifted its stake in Global Eagle Entertainment by 0.5% in the 4th quarter. BlackRock Inc. now owns 866,717 shares of the company’s stock valued at $1,933,000 after purchasing an additional 4,306 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Global Eagle Entertainment by 70.5% in the 1st quarter. Renaissance Technologies LLC now owns 321,010 shares of the company’s stock valued at $228,000 after purchasing an additional 132,710 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Global Eagle Entertainment by 116.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 208,608 shares of the company’s stock valued at $148,000 after purchasing an additional 112,094 shares during the last quarter. Institutional investors own 72.94% of the company’s stock.

Global Eagle Entertainment Company Profile

Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets 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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