Published On: Wed, Oct 19th, 2016

Iridium Communications Inc (NASDAQ:IRDM) Updated Broker Ratings


A number of investment brokers have recently updated their price targets on shares of Iridium Communications Inc (NASDAQ:IRDM).

Most recent broker ratings

07/02/2015 – Iridium Communications Inc had its “outperform” rating reiterated by analysts at Macquarie. They now have a USD 12 price target on the stock.

12/03/2014 – Iridium Communications Inc was downgraded to “neutral” by analysts at Zacks. They now have a USD 11.2 price target on the stock.

09/29/2014 – Iridium Communications Inc had its “outperform” rating reiterated by analysts at William Blair.

08/01/2014 – Iridium Communications Inc was upgraded to “buy” by analysts at CRT Capital. They now have a USD 11 price target on the stock.

06/12/2014 – Wells Fargo began new coverage on Iridium Communications Inc giving the company a “market perform” rating.

05/20/2014 – Iridium Communications Inc was upgraded to “strong-buy” by analysts at Raymond James. They now have a USD 10 price target on the stock.

03/17/2014 – Iridium Communications Inc was upgraded to “buy” by analysts at TheStreet.

02/24/2014 – Iridium Communications Inc was upgraded to “hold” by analysts at Thomson Reuters/Verus.

The share price of Iridium Communications Inc (NASDAQ:IRDM) was down -0.83% during the last day of trading, with a day high of 8.51. 684812 shares were traded during the last session.

The stock’s 50 day moving average is 7.87 and its 200 day moving average is 8.31. The stock’s market capitalization is 803.27M. Iridium Communications Inc has a 52-week low of 6.14 and a 52-week high of 9.37.

Iridium Communications Inc. is a satellite communications company that offers mobile voice and data communications services. The Company utilizes mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites. Its lines of business include land mobile, machine to machine, maritime, aviation and government. Its commercial services include postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; machine-to-machine services; Iridium push-to-talk service, and other services. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers. The Company sells its products and services to customers through a wholesale distribution network of approximately 75 service providers, approximately 200 value-added resellers and over 45 value-added manufacturers.