Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInmarsat Share News (ISAT)

  • There is currently no data for ISAT

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.
More News
14 Jul 2016 09:11

Inmarsat Secures Chinese Government Approval For Launch Of IsatPhone 2

Read more
13 Jul 2016 14:45

Jefferies tips Inmarsat on read-across from AirAsia connectivity deal

(ShareCast News) - Broker Jefferies reiterated its 'buy' recommendation on Inmarsat, sparked by reports that AirAsia has chosen the satellite company as a 'connectivity provider' for the carrier's newly announced Airbus fleet. AirAsia announced at the Farnborough Air Show on Tuesday that it had orde

Read more
27 Jun 2016 08:45

BROKER RATINGS SUMMARY: HSBC Raised But Barclays, Lloyds And RBS Cut

Read more
20 Jun 2016 15:09

Broker tips: Asos, Cobham, Inmarsat

(ShareCast News) - RBC Capital Markets reiterated its 'outperform' stance and 4,500p price target on online fashion retailer ASOS, saying the recent share price weakness was a buying opportunity. The broker noted the shares have dropped more than 10% over the last month, most likely on concerns over

Read more
20 Jun 2016 09:22

Citi upgrades Inmarsat; says it's oversold and Brexit resistent

(ShareCast News) - Citigroup upgraded Inmarsat to 'buy' from 'neutral' saying it was oversold and Brexit resistent, and lifted the price target to 900p from 880p due to the new GBP/USD exchange rate. The bank noted Inmarsat has fallen 34% in sterling over the last six months. "We believe this is ov

Read more
14 Jun 2016 12:02

Tuesday broker round-up

(ShareCast News) - Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p. Crest Nicholson: Deutsche Bank keeps at hold with a 542p target. Beazley: UBS stays at neutral with a target price of 376p. Inmarsat: Jefferies keeps at buy with a target of 1245p. Berkeley Gr

Read more
13 Jun 2016 16:02

LONDON MARKET CLOSE: Brexit Fear Hits Stocks; Microsoft Buys LinkedIn

Read more
13 Jun 2016 10:57

LONDON MARKET MIDDAY: Elevated Brexit Risk Knocks Stocks And Sterling

Read more
13 Jun 2016 09:25

WINNERS & LOSERS SUMMARY: Inmarsat Shares Up On SpeedCast Partnership

Read more
13 Jun 2016 07:04

Inmarsat forms maritime partnership with SpeedCast to resell Xpress services

(ShareCast News) - Inmarsat has formed a partnership with maritime broadband specialist SpeedCast International to roll out the satellite company's new Global Xpress (GX) service to around 2,000 vessels in five years. Under the new strategic alliance, the pair will work together in key maritime mar

Read more
13 Jun 2016 06:12

TOP NEWS: Inmarsat Teams With Australia's SpeedCast For Fleet Xpress

Read more
10 Jun 2016 14:23

Inmarsat signs 5 year deal with Marlink on Fleet Xpress

(ShareCast News) - Maritime communication company Marlink has signed a deal with communications specialist Inmarsat which will see the latter's Fleet Xpress broadband service made available on more than 2,000 ships over five years. "Today's agreement with Marlink is a significant endorsement of our

Read more
10 Jun 2016 12:07

Marlink, Inmarsat Enter Alliance For Fleet Xpress Broadband Services

Read more
2 Jun 2016 08:00

FTSE quarterly review confirms raft of changes to 100 and 250 indices

(ShareCast News) - Hikma Pharmaceuticals' promotion to the FTSE 100 index was confirmed after the latest quarterly review was announced overnight, while demoted blue chip Inmarsat was joined in the FTSE 250 by three recently floated finance groups CYBG, CMC Markets and Metro Bank plus several others

Read more
1 Jun 2016 16:14

Hikma Pharmaceuticals Rejoins FTSE 100, Smurfit Kappa Joins FTSE 250

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.