What Will Happen to Global Eagle Entertainment Inc (ENT) Next? The Stock Just Increased A Lot

May 19, 2017 - By Hazel Jackson

The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) is a huge mover today! About 266,643 shares traded. Global Eagle Entertainment Inc (NASDAQ:ENT) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.
The move comes after 7 months positive chart setup for the $281.59 million company. It was reported on May, 19 by Barchart.com. We have $3.45 PT which if reached, will make NASDAQ:ENT worth $14.08 million more.

Global Eagle Entertainment Inc (NASDAQ:ENT) Ratings Coverage

Among 7 analysts covering Global Eagle Entertainment (NASDAQ:ENT), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Global Eagle Entertainment had 9 analyst reports since October 8, 2015 according to SRatingsIntel. As per Tuesday, October 27, the company rating was initiated by Needham. The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) earned “Buy” rating by Evercore on Thursday, October 8. On Wednesday, July 20 the stock rating was maintained by Citigroup with “Buy”. The rating was initiated by Northland Capital on Friday, January 13 with “Outperform”. Citigroup downgraded Global Eagle Entertainment Inc (NASDAQ:ENT) on Wednesday, February 22 to “Neutral” rating. The stock of Global Eagle Entertainment Inc (NASDAQ:ENT) has “Neutral” rating given on Tuesday, February 21 by Piper Jaffray. The firm has “Buy” rating given on Wednesday, January 25 by Guggenheim. The firm has “Buy” rating given on Monday, January 9 by Dougherty & Company. The rating was downgraded by Dougherty & Company on Wednesday, February 22 to “Neutral”.

Investors sentiment increased to 0.97 in 2016 Q4. Its up 0.15, from 0.82 in 2016Q3. It improved, as 12 investors sold Global Eagle Entertainment Inc shares while 22 reduced holdings. 8 funds opened positions while 25 raised stakes. 74.13 million shares or 1.84% less from 75.52 million shares in 2016Q3 were reported.
239,885 were accumulated by Group One Trading L P. First Mercantile Trust Company has 53,144 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 1,012 shares. Credit Suisse Ag owns 36,392 shares. Manufacturers Life Insur The holds 0% or 34,725 shares. Goldman Sachs Group owns 18,115 shares for 0% of their portfolio. Tiaa Cref Invest Limited Liability Company owns 0% invested in Global Eagle Entertainment Inc (NASDAQ:ENT) for 155,449 shares. Da Davidson & holds 0% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT) for 2,000 shares. California State Teachers Retirement Sys accumulated 0% or 96,372 shares. Legal And General Gru Incorporated Public Ltd Limited Liability Company owns 11,981 shares or 0% of their US portfolio. Franklin Resource Incorporated invested 0.02% in Global Eagle Entertainment Inc (NASDAQ:ENT). American Inc has invested 0% of its portfolio in Global Eagle Entertainment Inc (NASDAQ:ENT). Blackrock Group Ltd accumulated 18,584 shares. Moreover, Retail Bank Of America Corporation De has 0% invested in Global Eagle Entertainment Inc (NASDAQ:ENT). 3.64M are owned by Brown Advisory.

More notable recent Global Eagle Entertainment Inc (NASDAQ:ENT) news were published by: Latimes.com which released: “Global Eagle, provider of in-flight entertainment, sees shares drop after key …” on March 11, 2017, also Globenewswire.com with their article: “Global Eagle Entertainment Appoints Ron Steger to Board of Directors” published on April 18, 2017, Globenewswire.com published: “Global Eagle’s Airtimeâ„¢ Wireless Inflight Entertainment and Connectivity …” on April 05, 2017. More interesting news about Global Eagle Entertainment Inc (NASDAQ:ENT) were released by: Globenewswire.com and their article: “Global Eagle Entertainment Names Paul Rainey Chief Financial Officer” published on April 10, 2017 as well as Fool.com‘s news article titled: “Why Global Eagle Entertainment Inc Stock Plunged” with publication date: February 21, 2017.

Global Eagle Entertainment Inc. is a well-known provider of aircraft connectivity systems, activities solutions and media content to the travel industry. The company has market cap of $281.59 million. The Company’s divisions include Connectivity and Content. It currently has negative earnings. The Company’s Connectivity segment provides airline partners and their passengers with Wireless Fidelity connectivity over Ku-band satellite transmissions, and to a lesser extent activities solutions to airline customers.

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