Broker tips: Compass, Prudential, Inmarsat
7th Nov 2016 11:03
(ShareCast News) - Jefferies on Monday downgraded its rating on Compass Group to 'hold' from 'buy' but raised its target price to 1,475p from 1,450p ahead of the catering company's full year results later this month. "Although Compass is a quality compounder with attractive total shareholder return
Read moreInmarsat rallies on Barclays upgrade
7th Nov 2016 08:08
(ShareCast News) - Satellite company Inmarsat rallied on Monday as Barclays upgraded the stock to 'equalweight' from 'underweight' and lifted the price target by to 860p from 745p. "Following the stock's correction year-to-date (down 33% versus the Stoxx Europe 600 telecoms index down 13%), the risk
Read moreInmarsat Q3 revenues up but profit down
3rd Nov 2016 08:00
(ShareCast News) - Satellite services provider Inmarsat reported a jump in third-quarter revenues following strong performances in the government and aviation divisions, but a drop in pre-tax profit. In the three months to the end of September, total revenues were up 5.8% to $341.9m, with government
Read moreIAG to install wi-fi on shorthaul flights
2nd Nov 2016 14:54
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines confirmed on Wednesday that it will install Inmarsat's European Aviation Network high-speed, inflight passenger connectivity service on up to 341 of its shorthaul aircraft. Inmarsat's next generation connectivit
Read moreThursday broker round-up
13th Oct 2016 13:43
(ShareCast News) - Ted Baker: Goldman Sachs keeps at buy with a target price of 3140p. Brown N: HSBC reiterates hold, 205p target. MITIE: Citigroup keeps at neutral with a 280p target. Prudential: Societe Generale reiterates outperform with a 1250p target. Astrazeneca: Jefferies keeps at buy with
Read moreInmarsat prices $400 debt issue
16th Sep 2016 07:23
(ShareCast News) - Inmarsat announced it would tap debt markets to repay an existing loan from the European Investment Bank and for general corporate purposes. The satellite operator priced its $400m issue of senior unsecured debt offering a 6.5% annual coupon and maturing in 2024 at par value. Fri
Read moreSpaceX rocket explodes at test firing in Florida
1st Sep 2016 16:58
(ShareCast News) - An explosion at a test-firing of a SpaceX Falcon 9 rocket has destroyed the craft and a communications satellite it had been due to take into space. The private aerospace company, owned by Tesla chief Elon Musk said that no one was injured during the incident, which was the result
Read moreInmarsat launches $550m convertible bond
31st Aug 2016 10:34
(ShareCast News) - Satellite services group Inmarsat said on Wednesday that it has launched a bond offering of up to $600m. The company announced the launch of an offering of around $550m convertible bonds due 2023, with an increase option of up to $50m. Inmarsat said the net proceeds from the issu
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreInmarsat returns to growth in second quarter but interim profits fall 7pc
4th Aug 2016 07:01
(ShareCast News) - Although its maritime market remains in the doldrums, Inmarsat posted a respectable set of interim results on Thursday as the satellite services group surprisingly returned to growth in the second quarter thanks to growth from the aviation sector, government contracts and its deal
Read moreInmarsat shuns bid for debt-laden Avanti
1st Aug 2016 07:28
(ShareCast News) - Inmarsat has passed up the opportunity to make a bid for cash strapped smaller rival Avanti Communications, which put itself up for sale last month. Inmarsat responded to Avanti's advisers when they made contact as part of the AIM company's strategic review and formal sale proc
Read moreJefferies tips Inmarsat on read-across from AirAsia connectivity deal
13th Jul 2016 14:45
(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 moreBroker tips: Asos, Cobham, Inmarsat
20th Jun 2016 15:09
(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 moreCiti upgrades Inmarsat; says it's oversold and Brexit resistent
20th Jun 2016 09:22
(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 moreTuesday broker round-up
14th Jun 2016 12:02
(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
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