# Iridium Communications Inc. – Consensus ‘buy’ rating and 51.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/iridium-communications-inc.consensus-buy-rating-and-51.2-upside-potential/4121166076
- Published: 2024-07-26T12:31:37+01:00
- Author: Charlotte Edwards

**Iridium Communications Inc.** with ticker code (IRDM) now have 5 confirmed analysts
covering the stock with the consensus suggesting a rating of ‘buy’. The range between
the high target price and low target price is between $50.00 and $30.00 with the
average target price sitting at $40.00. Now with the previous closing price of $
26.46 this would imply there is now a potential upside of 51.2%. It’s also worth
noting that there is a 50 day moving average of $27.67 and the 200 day moving average
is $32.53. The total market capitalization for the company now stands at 3.29B. 
The current share price for the company is: $27.80 USD

 The potential market cap would be $4,975,128,381 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 39.15, revenue per share of $6.47
and a 4.67% return on assets.

Iridium Communications Inc. is a commercial provider of communications services.
The Company is engaged in providing mobile voice and data communications services
using a constellation of orbiting satellites. It provides voice and data communications
services to businesses, the United States and foreign Governments, non-Governmental
organizations, and consumers via its upgraded satellite network, which has an architecture
of approximately 66 operational satellites with in-orbit and ground spares and related
ground infrastructure. The Company’s principal lines of business include land-mobile,
maritime, aviation, Internet of things (IoT), hosted payloads and other data services,
and United States (U.S.) Government. Its products include Satellite Handsets and
Iridium GO!, Broadband Data Devices, Voice and Data Modems, and Internet of Things
Data Devices. The Company sells its products and services to customers through a
wholesale distribution network of approximately 85 service providers.

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