Alert: Rating Downgrade (3/6/20)-Iridium Communications Inc (NASDAQ: IRDM).

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Stock Rating Downgrade

In recent days the Value Trend Rating for Iridium Communications Inc (NASDAQ: IRDM) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.

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Recent Price Action

Iridium Communications Inc (NASDAQ: IRDM) stock closed at $27.36 on 3/6/20 after a modest gain of 0.5%. NORMAL trading volume accompanied the advance. The stock has risen 1.3% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, IRDM is expected to continue to be an important Value Eraser.

Iridium Comm has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Iridium Comm has a very low Appreciation Score of 7 but a good Power Rating of 79, resulting in the Negative Value Trend Rating.

About John Lafferty 101900 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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