Global Eagle Entertainment Inc. (ENT) Rating Lowered to Sell at Citigroup Inc.

Citigroup Inc. cut shares of Global Eagle Entertainment Inc. (NYSE:ENT) from a neutral rating to a sell rating in a research note issued to investors on Thursday, October 26th, Marketbeat.com reports.

A number of other equities research analysts have also recently weighed in on the company. BidaskClub downgraded Global Eagle Entertainment from a hold rating to a sell rating in a report on Friday, October 13th. Zacks Investment Research downgraded Global Eagle Entertainment from a hold rating to a strong sell rating in a report on Friday, September 22nd. Needham & Company LLC reissued a hold rating on shares of Global Eagle Entertainment in a report on Tuesday, September 19th. Finally, Northland Securities reissued a buy rating on shares of Global Eagle Entertainment in a report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Global Eagle Entertainment has a consensus rating of Hold and an average price target of $8.65.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Global Eagle Entertainment by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 3,972,198 shares of the oil and gas exploration company’s stock worth $12,671,000 after acquiring an additional 258,376 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Global Eagle Entertainment by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 218,455 shares of the oil and gas exploration company’s stock worth $696,000 after acquiring an additional 7,618 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Global Eagle Entertainment by 44.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 754,671 shares of the oil and gas exploration company’s stock worth $2,407,000 after acquiring an additional 233,463 shares during the period. Abrams Capital Management L.P. lifted its stake in Global Eagle Entertainment by 19.0% in the 2nd quarter. Abrams Capital Management L.P. now owns 7,000,000 shares of the oil and gas exploration company’s stock valued at $24,920,000 after buying an additional 1,115,959 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in Global Eagle Entertainment by 4.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 8,050,923 shares of the oil and gas exploration company’s stock valued at $28,661,000 after buying an additional 378,222 shares in the last quarter.

About Global Eagle Entertainment

Equal Energy Ltd. (Equal) is an exploration and production of oil and gas company. Equal’s oil and gas properties are located in Oklahoma. Equal Energy has an indirect, wholly-owned subsidiary, EEUSHI. EEUSHI holds all of Equal’s Oklahoma oil and gas properties and associated assets through its wholly owned subsidiary, Equal Energy US Inc The Company also reviews new drilling opportunities and potential acquisitions in Oklahoma to supplement its exploration and development activities.

Analyst Recommendations for Global Eagle Entertainment (NYSE:ENT)

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