After Today’s Huge Decline, Is Avanti Communications Group PLC’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Avanti Communications Group PLC's Near Term Analysis Negative?

The stock of Avanti Communications Group PLC (LON:AVN) is a huge mover today! The stock decreased 2.17% or GBX 0.5 on November 29, hitting GBX 22.5. About 47,633 shares traded hands. Avanti Communications Group PLC (LON:AVN) has declined 76.04% since April 28, 2016 and is downtrending. It has underperformed by 81.30% the S&P500.
The move comes after 6 months negative chart setup for the GBX 33.72 million company. It was reported on Nov, 29 by Barchart.com. We have GBX 21.38 PT which if reached, will make LON:AVN worth GBX 1.69 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. On Tuesday, May 10 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The firm earned “Speculative Buy” rating on Friday, February 5 by Beaufort Securities. Jefferies maintained it with “Buy” rating and GBX 285 target price in Friday, July 8 report. On Tuesday, May 17 the stock rating was maintained by Beaufort Securities with “Speculative Buy”. The stock has “Buy” rating given by Natixis on Tuesday, May 17. The stock has “Buy” rating given by Beaufort Securities on Wednesday, August 19. The stock of Avanti Communications Group PLC (LON:AVN) has “Speculative Buy” rating given on Monday, September 19 by Beaufort Securities. The company was maintained on Thursday, September 17 by Beaufort Securities. The stock of Avanti Communications Group PLC (LON:AVN) earned “Speculative Buy” rating by Beaufort Securities on Monday, March 14. The stock of Avanti Communications Group PLC (LON:AVN) has “Buy” rating given on Wednesday, November 4 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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