Inmarsat Share News (ISAT)

(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 broker said.Markets on the other hand expected it to continue growing it in 2017 at a clip similar to that projected by the consensus of between 4% and 5%.On a more positive note, that would allow Inmarsat to invest in long-term opportunities and avoid undue pressure on the balance sheet while its EFCF was "limited and uncertain".UBS also expected Inmarsat to lower its fiscal year 2018 revenue guidance.The analysts cut their target price on the shares from 810.0p to 550.0p and slapped a 'sell' recommendation on the stock, down from 'neutral'.