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Home / Support and Resistance / Inmarsat (ISAT.L) 20-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Inmarsat (ISAT.L) 20-11-19

Are Inmarsat (ISAT.L) about to break below the 550p support zone, or recover again to 608p highs? (+9%)

 

  • The share price is close to 550p support. Shares are 554.65p (at time of writing).
  • The support has proven robust to date. Will it stand firm this time?
  • The shares have touched this level numerous times.
  • Check our website and news outlets for updates. Fundamental developments can affect the strength of support levels.
  • Shares -8% from 12-month highs; +52% from 12 month lows.

Latest News

07:28: Inmarsat, the satellite company, announced a significant decline in Q3 profit. Revenue was hit by the ending of payments from Ligado, the US communications company.

08 Nov:  Inmarsat announced that a court hearing regarding a potential £3.4bn takeover of the company had been delayed until late November.

30 Oct:  Inmarsat announced the provisional booking of a November 12 court hearing to sanction its $3.4bn sale to private equity. The consortium of buyers includes Warburg Pincus and Apax Partners.

06 Aug:  Deutsche Bank has downgraded its rating on Inmarsat (ISAT) to hold (from buy).

01 Aug:  Inmarsat posted reduced losses in H1, driven by growth in its aviation and government business units.

24 Jun:  Inmarsat said it would receive $50.8m from a new settlement agreement with RigNet.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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