Viasat rises after Deutsche Bank upgrades to 'buy'

Shares of satellite communications firm Viasat VSAT.O rise 4.1% to $10.2 premarket

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