# Iridium Communications Inc.  Share Price Target ‘$39.80’, now 56.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/iridium-communications-inc.share-price-target-39.80-now-56.1-upside-potential/4121164598
- Published: 2024-07-12T14:06:26+01:00
- Author: Charlotte Edwards

**Iridium Communications Inc.** with ticker code (IRDM) now have 5 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The target
price High/Low ranges between $50.00 and $30.00 suggesting an average analyst share
price target price of $39.80. (at the time of writing). Now with the previous closing
price of $25.50 and the analysts are correct then there would likely be a percentage
uptick in value of 56.1%. The 50 day MA is $28.46 while the 200 day moving average
is $33.46. The total market capitalization for the company now stands at 3.09B. 
The current share price for the company is: $25.44 USD

 The potential market cap would be $4,821,502,781 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 127.2, revenue per share of $6.33
and a 3.25% 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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