RigNet (RNET) Receives Media Sentiment Rating of 0.20

Press coverage about RigNet (NASDAQ:RNET) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RigNet earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the Wireless communications provider an impact score of 45.1796731252285 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of RigNet (NASDAQ RNET) opened at $14.90 on Friday. RigNet has a 1 year low of $14.01 and a 1 year high of $23.90. The company has a current ratio of 1.98, a quick ratio of 1.97 and a debt-to-equity ratio of 0.46.

Several research analysts recently weighed in on RNET shares. BidaskClub upgraded shares of RigNet from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. ValuEngine cut shares of RigNet from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $19.33.

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RigNet Company Profile

RigNet, Inc (RigNet) provides customized systems and solutions serving customers with data networking and operational requirements. The Company provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It operates through two segments: Managed Services, and Systems Integration and Automation (SI&A).

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