Iridium Communications (NASDAQ:IRDM) is set to post its quarterly earnings results before the market opens on Thursday, February 22nd. Analysts expect Iridium Communications to post earnings of $0.11 per share for the quarter.
Shares of Iridium Communications (IRDM) opened at $12.55 on Tuesday. Iridium Communications has a 52 week low of $7.80 and a 52 week high of $13.00. The company has a quick ratio of 2.67, a current ratio of 2.78 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1,229.54, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 4.24 and a beta of 1.77.
Several equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Iridium Communications from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine raised shares of Iridium Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Iridium Communications from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. TheStreet raised shares of Iridium Communications from a “c+” rating to a “b” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Co boosted their target price on shares of Iridium Communications from $9.75 to $12.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $13.00.
Iridium Communications Inc is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure.
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