ValuEngine Downgrades Global Eagle Entertainment (NASDAQ:ENT) to Hold

ValuEngine downgraded shares of Global Eagle Entertainment (NASDAQ:ENT) from a buy rating to a hold rating in a research report report published on Saturday, ValuEngine reports.

Other research analysts have also issued reports about the stock. Needham & Company LLC reissued a hold rating on shares of Global Eagle Entertainment in a research note on Friday, March 20th. Zacks Investment Research lowered shares of Global Eagle Entertainment from a buy rating to a hold rating in a research note on Wednesday, May 27th.

Global Eagle Entertainment stock opened at $4.58 on Friday. The firm has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $1.61. The firm has a market capitalization of $14.98 million, a price-to-earnings ratio of -0.11 and a beta of 1.22. Global Eagle Entertainment has a 52-week low of $1.52 and a 52-week high of $24.00.

An institutional investor recently raised its position in Global Eagle Entertainment stock. Frontier Capital Management Co. LLC grew its stake in shares of Global Eagle Entertainment Inc (NASDAQ:ENT) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,719,628 shares of the company’s stock after buying an additional 18,378 shares during the quarter. Frontier Capital Management Co. LLC owned about 5.08% of Global Eagle Entertainment worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Global Eagle Entertainment Company Profile

Global Eagle Entertainment Inc provides media and satellite-based connectivity to enterprise, consumer, and government markets worldwide. The company operates through two segments, Media & Content and Connectivity. The Media & Content buys, produces, manages, distributes, and provides post-production services and wholly-owned and licensed media content, video and music programming, advertising, applications, and video games for and to the airline, maritime, and other away from home non-theatrical markets.

Featured Article: Is it better to buy a fund with a higher or lower NAV?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Global Eagle Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Eagle Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.