Viasat (NASDAQ:VSAT) PT Lowered to $22.00 at Deutsche Bank Aktiengesellschaft

Viasat (NASDAQ:VSATFree Report) had its price objective cut by Deutsche Bank Aktiengesellschaft from $23.00 to $22.00 in a research report report published on Tuesday, Benzinga reports. They currently have a hold rating on the communications equipment provider’s stock.

A number of other research analysts have also commented on VSAT. Needham & Company LLC decreased their price objective on Viasat from $35.00 to $28.00 and set a buy rating on the stock in a report on Wednesday, May 22nd. Barclays decreased their price target on Viasat from $30.00 to $28.00 and set an equal weight rating for the company in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $28.17.

View Our Latest Stock Analysis on Viasat

Viasat Stock Up 4.4 %

VSAT stock opened at $16.50 on Tuesday. The company has a current ratio of 2.68, a quick ratio of 2.44 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $2.07 billion, a PE ratio of -1.88 and a beta of 1.31. Viasat has a 1-year low of $13.80 and a 1-year high of $47.35. The business’s 50 day simple moving average is $16.84 and its 200 day simple moving average is $20.27.

Institutional Investors Weigh In On Viasat

A number of hedge funds have recently added to or reduced their stakes in VSAT. Vanguard Group Inc. grew its stake in Viasat by 40.3% in the third quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock valued at $219,625,000 after acquiring an additional 3,417,316 shares during the period. Norges Bank bought a new position in shares of Viasat in the fourth quarter valued at approximately $17,511,000. Invesco Ltd. lifted its holdings in shares of Viasat by 68.0% in the third quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock valued at $20,923,000 after purchasing an additional 458,959 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Viasat in the first quarter valued at approximately $5,936,000. Finally, Edgestream Partners L.P. lifted its holdings in shares of Viasat by 1,752.3% in the first quarter. Edgestream Partners L.P. now owns 159,355 shares of the communications equipment provider’s stock valued at $2,883,000 after purchasing an additional 150,752 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Company Profile

(Get Free Report)

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.

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Analyst Recommendations for Viasat (NASDAQ:VSAT)

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