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Inmarsat falls on Barclays downgrade

Mon, 08th Feb 2016 09:08

(ShareCast News) - Despite strong growth forecasts, Barclays has downgraded Inmarsat from 'equal weight' to 'underweight', but raised its target price from 740p to 1,000p.The bank said while it had forecast a five-year revenue compound annual growth rate of 8% and earnings per share growth of 6%, it said there were some negative factors to consider, including market expectations it believed were too optimistic.It also said the execution risk is higher than before."GX is a brand new fleet that will require customers to replace their existing antennas; ATG-S is only being built and could face deployment and acceptance issues."Barclays also said the competitive environment is getting tougher for the FTSE 100 mobile satellite communications service provider."HTS is bringing new players into satellites and blurring the lines between FSS and MSS, with large players in the former specifically targeting some of ISAT's markets."Barclays said while the company has outperformed over the last three years, it doesn't believe the risks have been priced in to its valuation."ISAT is at a premium to fundamentals and historical multiples, leaving little room for error."Shares in Inmarsat were down 31.5p (3.09%) to 988.5p at 0952 GMT.
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9 Mar 2018 08:10

TOP NEWS: Inmarsat Slashes Dividend As Ligado Contract Bites

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17 Feb 2017 17:10

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17 Feb 2017 10:33

Inmarsat to stop growing divi, UBS says

(ShareCast News) - Analysts at UBS slashed their target price on stock of Inmarsat on expectations the company would stop increasing its dividend payout. Inmarsat would do so - possibly beginning with its fiscal year 2016 numbers - until the divi was covered by its equity free cah flow, the Swiss

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14 Feb 2017 07:36

Inmarsat inks deal with Cyprus-based Satlink

(ShareCast News) - FTSE 250 satellite communication services provider Inmarsat has entered into a new agreement with Satlink Satellite Communications to integrate its Global Xpress maritime solution Fleet Xpress into Satlink's existing service portfolio. As part of the agreement, Satlink will bring

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12 Feb 2017 15:36

Sunday newspaper tips: 3i Group, Inspired Energy, Inmarsat

(ShareCast News) - 3i Group shares received a 'hold' recommendation in the Sunday Times' Inside the City column. While its financial are solid and investors are happy with the more than threefold rise delivered under CEO Simon Borrows, the private equity group is facing ever more pressure for buyout

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30 Jan 2017 13:05

Monday broker round-up

(ShareCast News) - BT: Barclays reiterates overweight with a target price of 475p. ITV: Jefferies reiterates buy, 230p target. Phoenix: Deutsche Bank restarts coverage at buy with a 835p target. Paragon Group: JP Morgan reiterates underweight with a 355p target. Inmarsat: Deutsche Bank reiterates

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23 Jan 2017 10:41

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20 Jan 2017 09:51

Friday broker round-up

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JPMorgan downgrades Inmarsat to 'neutral'

(ShareCast News) - JPMorgan Cazenove downgraded Inmarsat to 'neutral' from 'overweight' and cut the price target to 830p from 950p. JPM said its buy case had been predicated on the belief that GX will unlock new revenue opportunities, and underpin a double digit earnings before interest, taxes and d

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12 Jan 2017 13:49

Thursday broker round-up

(ShareCast News) - Hays: Deutsche Bank upgrades to Hold with a target price of 160p. Pagegroup: Jefferies reiterates Hold with a target price of 395p. Taylor Wimpey: Deutsche Bank reiterates Buy with a target price of 244p. Sainsbury: HSBC maintains Reduce with a target price of 205p. Tullow Oil:

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