Zacks Investment Research Lowers INMARSAT PLC/ADR (IMASY) to Sell

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INMARSAT PLC/ADR (OTCMKTS:IMASY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Inmarsat plc is a provider of global mobile satellite communications services. It provides voice and high-speed data services for use on land, at sea and in the air worldwide. Inmarsat also provides mobile and fixed-site remote telecommunications services, customized turnkey remote telecommunications solutions, value-added services, equipment, and engineering services. The Company serves the maritime, media, oil and gas, construction, aeronautical industries, governments and aid agencies. Inmarsat plc is headquartered in London, the United Kingdom. “

Separately, ValuEngine lowered shares of INMARSAT PLC/ADR from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th.

OTCMKTS IMASY opened at $7.01 on Tuesday. INMARSAT PLC/ADR has a 12-month low of $4.55 and a 12-month high of $8.75. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 1.80.

About INMARSAT PLC/ADR

Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, U.S. Government, Global Government, Aviation, and Enterprise. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.

Read More: Quiet Period Expirations

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