Viasat rises after Deutsche Bank upgrades to 'buy'

ViaSat

24/03/2025 14:05

Updates

** Shares of satellite communications firm Viasat VSAT.O rise 8.5% to $10.6

** Deutsche Bank upgrades stock to "buy" from "hold"; raises PT by $2 to $15

** Brokerage sees multiple paths for the company to create equity value by materially deleveraging its balance sheet through asset monetization

** Following acquisition of Inmarsat, VSAT took control of a large swath of mobile satellite service (MSS) L-band spectrum, which is attractive due to its reliability and versatility - Deutsche Bank

** Two of 9 brokerages rate the stock "buy" and 7 "hold"; median PT is $13.5 - data compiled by LSEG

** Stock had fallen 69.6% in 2024

 (Reporting by Harshita Mary Varghese in Bengaluru)

 ((HarshitaMary.Varghese@thomsonreuters.com))