INMARSAT PLC/ADR (IMASY) Lowered to “Sector Perform” at Royal Bank of Canada
Royal Bank of Canada cut shares of INMARSAT PLC/ADR (OTCMKTS:IMASY) from an outperform rating to a sector perform rating in a research note released on Tuesday, The Fly reports.
IMASY has been the topic of a number of other reports. ValuEngine upgraded INMARSAT PLC/ADR from a sell rating to a hold rating in a report on Tuesday, June 26th. Zacks Investment Research lowered INMARSAT PLC/ADR from a buy rating to a hold rating in a report on Saturday, May 12th. Eight equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and a consensus price target of $5.75.
Shares of INMARSAT PLC/ADR stock opened at $6.67 on Tuesday. INMARSAT PLC/ADR has a 12 month low of $4.70 and a 12 month high of $9.03. The company has a quick ratio of 0.95, a current ratio of 0.99 and a debt-to-equity ratio of 1.94.
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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