Inmarsat operates a global communications satellite system. The company’s satellites provide voice and high-speed data services on a worldwide basis. Company’s customers include major corporations from the maritime, media, oil and gas, construction and aeronautical industries, as well as governments and aid agencies.
The share is trading 12.69 times earnings per share estimates for this year and 14.52 times for next year. With a ratio enterprise value to revenue of 3.89 the group seems overvalued. The share is more expensive than its competitors, according to Bloomberg’s peers.

Technically, the share has a downtrend in the long-term and an uptrend in the short-term. In the last 13 trading sessions, Inmarsat recorded 12 bullish sessions, and now technical indicators show an overbought situation. For this reason, we forecast that bullish trend will be stopped by the 470 GBp short-term resistance.

The bearish scenario could be set up in the next days. At current price, the traders could take a short position, with a price target at 420 GBp and then 390 GBp. A stop loss will be placed at 491 GBp, in order to cover the position.