Barclays Maintains Equal-Weight Rating for Viasat: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of Viasat VSAT and lower its price target from $42.00 to $40.00.

Shares of Viasat are trading down 0.29% over the last 24 hours, at $23.85 per share.

A move to $40.00 would account for a 67.71% increase from the current share price.

About Viasat

Viasat Inc provides bandwidth technologies and services in three segments: satellite services, which provides satellite-based high-speed broadband services to consumers, enterprises, and commercial airlines; commercial networks, which develops end-to-end communication and connectivity systems; and government systems, which produces network-centric Internet Protocol-based secure government communication systems. A large majority of the firm's revenue is generated in the United States, with the rest coming from the Americas, Europe, Middle East, Africa, and Asia-Pacific.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.