The stock of Avanti Communications Group PLC (LON:AVN) is a huge mover today! The stock decreased 4.76% or GBX 1.12 on November 28, hitting GBX 22.5. About 75,116 shares traded hands. Avanti Communications Group PLC (LON:AVN) has declined 75.39% since April 27, 2016 and is downtrending. It has underperformed by 81.40% the S&P500.
The move comes after 5 months positive chart setup for the GBX 33.72 million company. It was reported on Nov, 28 by Barchart.com. We have GBX 23.63 PT which if reached, will make LON:AVN worth GBX 1.69 million more.
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. GBX 300 is the highest target while GBX 285 is the lowest. The GBX 292.50 average target is 1200.00% above today’s (GBX 22.5) stock price. Avanti Communications Group PLC has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Monday, March 14 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. Beaufort Securities maintained Avanti Communications Group PLC (LON:AVN) on Wednesday, August 19 with “Buy” rating. The rating was maintained by Beaufort Securities on Monday, September 19 with “Speculative Buy”. The rating was maintained by Beaufort Securities on Tuesday, December 8 with “Speculative Buy”. Beaufort Securities maintained the shares of AVN in a report on Wednesday, November 4 with “Buy” rating. The stock has “Buy” rating given by Jefferies on Friday, July 8. The firm has “Speculative Buy” rating by Beaufort Securities given on Tuesday, May 17. The stock of Avanti Communications Group PLC (LON:AVN) earned “Speculative Buy” rating by Beaufort Securities on Friday, November 13. The firm has “Buy” rating given on Thursday, September 17 by Beaufort Securities. The firm earned “Speculative Buy” rating on Tuesday, May 10 by Beaufort Securities.
More notable 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 with their article: “Par Capital UK Regulatory Announcement: Form 8.3 – Avanti Communications Group PLC” published on July 25, 2016, 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) were released by: Bloomberg.com and their article: “Avanti Seeks to Make Bond Payments With Debt on Cash Crunch” published on September 16, 2016 as well as Fool.Co.Uk‘s news article titled: “Investors could face big losses at Avanti Communications Group plc …” with publication date: May 09, 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 33.72 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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