Will the Recent Citigroup Downgrade Hurt Inmarsat PLC (LON:ISAT) Shares This Week?


Inmarsat PLC (LON:ISAT) Receives a Downgrade

In an analyst note finalized on 4 December, Citigroup lowered their rating for shares of Inmarsat PLC (LON:ISAT) to a “Neutral” and they now have a GBX 1150.00 PT on the stock. Citigroup’s PT means a possible upside of 3.32% from the close price of Inmarsat PLC (LON:ISAT).

From a total of 12 analysts covering Inmarsat (LON:ISAT) stock, 6 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is GBX 18.77 while the lowest target price is GBX 10.41. The mean of all analyst targets is GBX 15.27 with a -13.16% below today’s (GBX 1113) stock price. Inmarsat was the topic of 32 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Sell” rating. Nomura maintained shares with “Neutral” rating and GBX 900 target share price in a report from a November 9. Citigroup maintained ISAT stock in a recent report from November 16 with “Buy” rating. Morgan Stanley maintained the rating on November 6. Morgan Stanley has a “Overwt/Attractive” rating and a GBX 1080 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 9.

Approximately 37,186 shares of stock traded hands. Inmarsat Plc (LON:ISAT) has risen 12.19% since May 7, 2015 and is uptrending. It has outperformed by 14.97% the S&P500.

 Will the Recent Citigroup Downgrade Hurt Inmarsat PLC (LON:ISAT) Shares This Week?

Inmarsat plc is a United Kingdom-based well-known provider of global mobile satellite communications services. The company has a market cap of 4.92 billion GBP. On land, at sea and in the air, the Company serves government, commercial and NGO customers, providing broadband data and voice connectivity services. It has 24.57 P/E ratio. Through the Company’s satellites, users can send data or make voice calls, while outside the coverage of any terrestrial network.