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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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Inmarsat receives LightSquared 30MHz confirmation

(ShareCast News) - Satellite communications group Inmarsat has received notification from US-based Ligado Networks, previously known as LightSquared, that it has decided to take the 30 MHz option under the pair's cooperation agreement. Inmarsat said it remained in discussions with Ligado around the

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1 Apr 2016 06:26

Inmarsat Says Ligado Networks, Ex-LightSquared, Picks Agreement Option

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30 Mar 2016 14:53

Wednesday broker round-up

(ShareCast News) - Inmarsat: Berenberg upgrades to hold with a target price of 890p. Next: Investec downgrades to sell, 5250p target, Jefferies reiterates hold with a target price of 5100p, JP Morgan stays at neutral with a target of 6370p and HSBC keeps at hold, 6260p target. Glaxosmithkline: Citi

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30 Mar 2016 13:03

Broker tips: Inmarsat, William Hill, Virgin Money

(ShareCast News) - Berenberg upgraded Inmarsat to 'hold' from 'sell' after shares in the satellite communications company fell 20% since the start of 2016, but concerns remain. The German bank said it continues to believe the market underestimates the threat of competition and the negative impact on

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30 Mar 2016 11:02

Berenberg upgrades Inmarsat on value and LightSquared option

(ShareCast News) - Berenberg upgraded Inmarsat to 'hold' from 'sell' after shares in the satellite communications company fell 20% since the start of 2016, but concerns remain. The German bank said it continues to believe the market underestimates the threat of competition and the negative impact on

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30 Mar 2016 08:41

BROKER RATINGS SUMMARY: Jefferies Adjusts Ratings On Retailers

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15 Mar 2016 16:46

Tuesday broker round-up

(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target

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8 Mar 2016 10:54

Inmarsat Wins Air Traffic Management Deal With European Space Agency

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