Iridium Communications Inc (NASDAQ:IRDM) Receives Consensus Recommendation of "Hold" from Brokerages

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Iridium Communications Inc (NASDAQ:IRDM) has received a “Hold” consensus recommendation from analysts, with an average one-year target price of $27.60. Despite a recent EPS beat, the company missed revenue estimates, and its shares are trading near a 12-month high with a P/E ratio of 39.5, indicating a premium valuation compared to its average target price. Insider Timothy Kapalka recently sold shares, while various institutional investors adjusted their holdings in Iridium Communications.

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