Analyst Rating Update on ORBCOMM (ORBC)

ORBCOMM (ORBC) : The consensus on ORBCOMM (ORBC) based on 5 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

ORBCOMM (ORBC) : The most positive equity analysts on ORBCOMM (ORBC) expects the shares to touch $14, whereas, the least positive believes that the stock will trade at $11 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $11.58 with an expected fluctuation of $1.2 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.


ORBCOMM (NASDAQ:ORBC): The stock opened at $10.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.98 for the day. The stock traded down to $10.60 during the day, due to lack of any buying support eventually closed down at $10.81 with a loss of -0.28% for the day. The stock had closed at $10.84 on the previous day. The total traded volume was 1,185,496 shares.

ORBCOMM Inc. is a provider of machine-to-machine (M2M) solutions, including network connectivity, devices and web reporting applications. The Companys M2M products and services are designed to track, monitor and enhance security for a range of assets, such as trailers, trucks, rail cars, intermodal containers, generators, fluid tanks, marine vessels, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters, in the transportation and distribution, heavy equipment, oil and gas, maritime and government industries. Additionally, the Company provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. The Company provides its services using multiple network platforms, including its own constellation of 30 low-Earth orbit satellites, one AIS microsatellite, and its accompanying ground infrastructure.

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