Global Eagle Entertainment Inc (NASDAQ:ENT) has earned an average broker rating score of 2.33 (Buy) from the six brokers that cover the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Global Eagle Entertainment’s rating score has declined by 55.3% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12-month consensus target price of $8.88 for the company and are predicting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given Global Eagle Entertainment an industry rank of 72 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on ENT shares. Guggenheim started coverage on Global Eagle Entertainment in a report on Wednesday, January 25th. They set a “buy” rating on the stock. Dougherty & Co dropped their target price on Global Eagle Entertainment from $11.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, January 9th. William Blair reissued a “market perform” rating on shares of Global Eagle Entertainment in a report on Monday, January 30th. Piper Jaffray Companies cut Global Eagle Entertainment from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 21st. Finally, Citigroup Inc cut Global Eagle Entertainment from a “buy” rating to a “neutral” rating in a report on Wednesday, February 22nd.
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Shares of Global Eagle Entertainment (NASDAQ:ENT) traded down 2.30% during mid-day trading on Monday, hitting $2.98. The company had a trading volume of 656,782 shares. The stock’s 50-day moving average is $3.56 and its 200-day moving average is $6.07. Global Eagle Entertainment has a 52-week low of $2.76 and a 52-week high of $9.73. The stock’s market cap is $254.22 million.
Global Eagle Entertainment Company Profile
Global Eagle Entertainment Inc is a provider of aircraft connectivity systems, operations solutions and media content to the travel industry. The Company’s segments include Connectivity and Content. Its Connectivity segment provides airline partners and their passengers with Wireless Fidelity (Wi-Fi) connectivity over Ku-band satellite transmissions, and to a lesser extent operations solutions to airline customers.
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