BidaskClub downgraded shares of Iridium Communications (NASDAQ:IRDM) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.
Several other brokerages have also recently commented on IRDM. Raymond James boosted their price objective on shares of Iridium Communications from $28.00 to $31.00 and gave the company an outperform rating in a research note on Wednesday, July 29th. Zacks Investment Research cut shares of Iridium Communications from a buy rating to a hold rating and set a $27.00 price objective for the company. in a research note on Monday, June 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $30.40.
IRDM opened at $29.12 on Tuesday. The company