# Iridium Communications Inc. – Consensus ‘buy’ rating and 57.6% Upside Potential

- Link: https://www.directorstalkinterviews.com/iridium-communications-inc.consensus-buy-rating-and-57.6-upside-potential/4121129684
- Published: 2023-10-13T15:27:13+01:00
- Author: Charlotte Edwards

**Iridium Communications Inc.** with ticker code (IRDM) have now 6 analysts in total
covering the stock. The consensus rating is pointing to ‘buy’. The target price 
High/Low ranges between 75 and 57 and has a mean target at $66.83. Now with the 
previous closing price of $42.41 this would imply there is now a potential upside
of 57.6%. The 50 day MA is $47.70 and the 200 moving average now moves to $57.04.
The market capitalization for the company is 5.24B. The stock price is currently
at: 41.88 USD

 The potential market cap would be $8,252,718,470 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 -, revenue per share of 6.12 and
a 0.94% 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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