Shares of Intelsat SA (NYSE:I) have earned an average rating of “Sell” from the seven ratings firms that are presently covering the stock. Five analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $1.57.
I has been the topic of a number of recent research reports. Zacks Investment Research upgraded Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 target price on the stock in a report on Thursday, July 28th. Raymond James Financial Inc. cut Intelsat SA from a “market perform” rating to an “underperform” rating in a report on Monday, July 18th.
A number of institutional investors have recently modified their holdings of I. California State Teachers Retirement System boosted its position in shares of Intelsat SA by 2.7% in the second quarter. California State Teachers Retirement System now owns 61,117 shares of the company’s stock valued at $158,000 after buying an additional 1,611 shares during the period. Phoenix Investment Adviser LLC acquired a new stake in shares of Intelsat SA during the second quarter valued at about $166,000. Emerald Acquisition Ltd. acquired a new stake in shares of Intelsat SA during the second quarter valued at about $200,000. BlackRock Investment Management LLC raised its stake in shares of Intelsat SA by 14.6% in the second quarter. BlackRock Investment Management LLC now owns 123,885 shares of the company’s stock valued at $320,000 after buying an additional 15,778 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Intelsat SA during the first quarter valued at about $384,000. Institutional investors and hedge funds own 41.98% of the company’s stock.
Intelsat SA (NYSE:I) traded up 3.00% during trading on Thursday, hitting $3.09. 551,679 shares of the company’s stock traded hands. The company’s market cap is $363.69 million. The company’s 50 day moving average price is $2.79 and its 200 day moving average price is $2.90. Intelsat SA has a 52-week low of $1.44 and a 52-week high of $7.51.
Intelsat SA (NYSE:I) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.64. The firm had revenue of $542 million for the quarter, compared to analysts’ expectations of $533.51 million. Intelsat SA had a negative return on equity of 7.45% and a net margin of 11.50%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. Analysts expect that Intelsat SA will post ($0.28) earnings per share for the current year.
Intelsat SA Company Profile
Intelsat SA operates in satellite services business. The Company provides communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations and Internet service providers.
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