Iridium Communications

Ticker: IRDM

Sector: Diversified Telecommunication Services

Iridium Communications

Raymond James Maintains Iridium Communications (IRDM) Strong Buy Recommendation Raymond James has a Strong Buy recommendation. Analyst Price Forecast Suggests 32.69% Upside as of July 6, 2023, the average one-year price target for Iridium is 67.12. Iridium Communications is a small-cap stock that has shown impressive growth recently. It operates 66 global cross-linked satellites and boasts the title of being “the only satellite communications provider that works anywhere on the planet. Iridium Communications stock last closed at $50.58, down 15.64% from the previous day, and has increased 27.05% in one year. The consensus analyst rating on IRidium Communications is a Buy. Iridium Communications is a leading provider of global voice and data satellite communications. Iridium and Qualcomm announced a partnership for new Qualcomm satellite-compatible chips that will enable messaging on Android cell phones via Iridium. Barclays analyst Mathieu Robilliard maintained a Hold rating on Iridium Communications (IRDM – Research Report ) Iridium has an average volume of 877.2K. Iridium is a leading provider of global voice and data satellite communications. Iridium releases financial results for 2022 and guidance for 2023 in Communications & Cyber Security. Iridium Certus for aviation is an ideal complement to commercial transport passenger cabin connectivity Ka/Ku band services. Safety certifications are currently in progress, with flight trials expected to begin by end of 2023. Iridium is an award-winning and innovative satellite communications company with bragging rights to the only network that offers voice and data connectivity anywhere in the world. Iridiums unique network and services have supported critical communications needs. Iridium Certus for aviation is an ideal complement to commercial transport passenger cabin connectivity Ka/Ku bandservices. Safety certifications are currently in progress, with flight trialsexpected to begin by the end of 2023. Iridium is the only mobile voice and data satellite communications network that spans the entire globe. Iridium provides mobile voice, data communications services and products to businesses, the United States and international governments. The company recently declared a quarterly dividend, which was paid on June 30th.