The stock of Avanti Communications Group PLC (LON:AVN) is a huge mover today! The stock increased 11.45% or GBX 2.58 on November 10, hitting GBX 25.08. About 1.41 million shares traded hands or 369.05% up from the average. Avanti Communications Group PLC (LON:AVN) has declined 71.75% since April 12, 2016 and is downtrending. It has underperformed by 77.40% the S&P500.
The move comes after 5 months negative chart setup for the GBX 38.66M company. It was reported on Nov, 10 by Barchart.com. We have GBX 22.07 PT which if reached, will make LON:AVN worth GBX 4.64 million less.
Avanti Communications Group PLC (LON:AVN) Ratings Coverage
Out of 3 analysts covering Avanti Communications Group PLC (LON:AVN), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Avanti Communications Group PLC has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Beaufort Securities maintained the shares of AVN in a report on Thursday, September 17 with “Buy” rating. The stock of Avanti Communications Group PLC (LON:AVN) has “Buy” rating given on Wednesday, August 19 by Beaufort Securities. The rating was maintained by Beaufort Securities on Friday, February 5 with “Speculative Buy”. Natixis maintained it with “Buy” rating and GBX 300 target price in Tuesday, May 17 report. The company was maintained on Monday, September 19 by Beaufort Securities. Beaufort Securities maintained the stock with “Speculative Buy” rating in Tuesday, December 8 report. On Friday, July 8 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Wednesday, November 4 by Beaufort Securities. The rating was maintained by Jefferies with “Buy” on Wednesday, September 9. The firm earned “Speculative Buy” rating on Monday, March 14 by Beaufort Securities.
More important recent Avanti Communications Group PLC (LON:AVN) news were published by: Moodys.com which released: “Moody’s assigns Caa1 rating to Avanti’s USD125 million tap issuance” on August 26, 2015, also Businesswire.com published article titled: “Par Capital UK Regulatory Announcement: Form 8.3 – Avanti Communications Group PLC”, Businesswire.com published: “Avanti Communications: Avanti Communications announces Telkom SA contract win” on November 03, 2015. More interesting news about Avanti Communications Group PLC (LON:AVN) was released by: Reuters.com and their article: “BRIEF-Avanti Communications sees full year revenue at $83 mln” with publication date: July 07, 2016.
Avanti Communications Group plc is a United Kingdom company, which is engaged in the provision of satellite communication services. The company has a market cap of 38.66 million GBP. The Firm offers services in Europe, the Middle East and Africa regions through Ka-band satellites. It currently has negative earnings. It sells satellite data communications services to telecoms companies, which use them to supply enterprise, institutional and consumer users.
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