# Iridium Communications Inc.  Share Price Target ‘$43.33’, now 47.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/iridium-communications-inc.share-price-target-43.33-now-47.9-upside-potential/4121145154
- Published: 2024-02-29T14:01:07+00:00
- Author: Charlotte Edwards

**Iridium Communications Inc.** which can be found using ticker (IRDM) have now 
6 analysts in total covering the stock. The consensus rating is pointing to ‘buy’.
The range between the high target price and low target price is between $65.00 and
$30.00 with the average share target price sitting at $43.33. (at the time of writing).
Given that the stocks previous close was at $29.29 this indicates there is a potential
upside of 47.9%. There is a 50 day moving average of $36.25 while the 200 day moving
average is $46.26. The market capitalization for the company is 3.53B. The current
share price for the company is: $28.81 USD

 The potential market cap would be $5,218,638,051 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 240.08, revenue per share of $6.30
and a 2.65% 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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