Intelsat SA (NYSE:I)’s share price was down 2.2% during trading on Thursday . The company traded as low as $4.40 and last traded at $4.70. Approximately 462,791 shares traded hands during trading, a decline of 53% from the average daily volume of 985,369 shares. The stock had previously closed at $4.60.
A number of equities analysts have commented on I shares. Zacks Investment Research raised Intelsat from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a report on Wednesday, January 3rd. ValuEngine raised Intelsat from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Jefferies Group reissued a “hold” rating on shares of Intelsat in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised Intelsat from an “underweight” rating to a “neutral” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. Intelsat currently has an average rating of “Hold” and an average target price of $4.25.
The company has a debt-to-equity ratio of -3.72, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $561.91, a price-to-earnings ratio of -3.24 and a beta of 0.88.
Large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of Intelsat in the third quarter valued at approximately $269,000. Dimensional Fund Advisors LP acquired a new stake in shares of Intelsat in the second quarter valued at approximately $436,000. Northern Trust Corp increased its holdings in shares of Intelsat by 16.2% in the second quarter. Northern Trust Corp now owns 532,549 shares of the technology company’s stock valued at $1,629,000 after purchasing an additional 74,426 shares during the last quarter. Strs Ohio increased its holdings in shares of Intelsat by 56.9% in the fourth quarter. Strs Ohio now owns 197,100 shares of the technology company’s stock valued at $668,000 after purchasing an additional 71,500 shares during the last quarter. Finally, Discovery Capital Management LLC CT increased its holdings in shares of Intelsat by 6.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 7,423,034 shares of the technology company’s stock valued at $25,164,000 after purchasing an additional 472,621 shares during the last quarter. 36.91% of the stock is owned by hedge funds and other institutional investors.
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Intelsat Company Profile
Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It 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 (ISPs).
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