Global Eagle Entertainment (ENT) : 5 analysts are covering Global Eagle Entertainment (ENT) and their average rating on the stock is 2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Global Eagle Entertainment (ENT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Global Eagle Entertainment (ENT) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $16. The average forecast of all the analysts is $17.33 and the expected standard deviation is $1.15.
For the current week, the company shares have a recommendation consensus of Buy.
Global Eagle Entertainment (NASDAQ:ENT): The stock opened at $8.52 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.69 for the day. The stock traded down to $7.96 during the day, due to lack of any buying support eventually closed down at $8.22 with a loss of -1.67% for the day. The stock had closed at $8.36 on the previous day. The total traded volume was 1,229,791 shares.
Global Eagle Entertainment Inc. is a provider of content, connectivity and digital media solutions for airlines. Through its product and services platform, the Company provides domestic and international airlines with in-flight solutions, including interactive software, as well as portable in-flight entertainment (IFE) solutions, content management services, e-commerce solutions and original content development. The Companys business consists of two operating segments. The Connectivity segment provides its airline partners and their passengers with Wi-Fi connectivity over Ku-band satellite transmissions. This segment offers specialized network equipment, media applications and content services that allow airline passengers to access in-flight Internet, live television, on-demand content, shopping and travel-related information. The Content segment selects, manages and distributes wholly owned and licensed media content, video and music programming, applications and games.