# Iridium Communications Inc. – Consensus ‘buy’ rating and 71.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/iridium-communications-inc.consensus-buy-rating-and-71.2-upside-potential/4121130867
- Published: 2023-10-26T12:33:05+01:00
- Author: Charlotte Edwards

**Iridium Communications Inc.** with ticker code (IRDM) have now 6 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between 75 and 53 with the
average target price sitting at $64.67. Now with the previous closing price of $
37.77 this would indicate that there is a potential upside of 71.2%. Also worth 
taking note is the 50 day moving average now sits at $45.96 while the 200 day moving
average is $56.45. The market cap for the company is 4.58B. The stock price is currently
at: 36.94 USD

 The potential market cap would be $7,833,435,617 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 6.26 and
a 1.99% 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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