Satixfy Communications (NYSEAMERICAN:SATX) Coverage Initiated by Analysts at Alliance Global Partners

Alliance Global Partners initiated coverage on shares of Satixfy Communications (NYSEAMERICAN:SATX) in a research note issued on Monday,Benzinga reports. The firm set a “buy” rating and a $2.50 price target on the stock. Alliance Global Partners’ price target suggests a potential upside of 103.25% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Northland Capmk upgraded Satixfy Communications to a “strong-buy” rating in a research note on Thursday, December 5th. Northland Securities started coverage on shares of Satixfy Communications in a research note on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price target on the stock.

Satixfy Communications Stock Performance

Satixfy Communications stock opened at $1.23 on Monday. Satixfy Communications has a 12-month low of $0.30 and a 12-month high of $1.30.

Hedge Funds Weigh In On Satixfy Communications

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC boosted its stake in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,277,958 shares of the company’s stock after purchasing an additional 95,115 shares during the quarter. Senvest Management LLC owned about 5.15% of Satixfy Communications worth $3,024,000 as of its most recent SEC filing. 5.04% of the stock is owned by institutional investors and hedge funds.

Satixfy Communications Company Profile

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.