# Iridium Communications Inc.  Share Price Target ‘$43.33’, now 64.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/iridium-communications-inc.share-price-target-43.33-now-64.3-upside-potential/4121148548
- Published: 2024-03-22T13:58:12+00:00
- Author: Charlotte Edwards

**Iridium Communications Inc.** with ticker code (IRDM) now have 6 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 $65.00 and $30.00 calculating
the average target share price we see $43.33. (at the time of writing). Given that
the stocks previous close was at $26.37 and the analysts are correct then there 
would likely be a percentage uptick in value of 64.3%. The 50 day moving average
now sits at $32.37 while the 200 day moving average is $43.64. The total market 
capitalization for the company now stands at 3.19B. The current share price for 
the company is: $26.02 USD

 The potential market cap would be $5,235,165,974 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 216.83, 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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