Royal Bank Of Canada Cuts Intelsat S.A. (I) Price Target to $6.00

Intelsat S.A. (NYSE:I) had its target price cut by Royal Bank Of Canada from $6.25 to $6.00 in a research note released on Thursday morning, Marketbeat reports. They currently have an outperform rating on the technology company’s stock.

Other analysts have also issued research reports about the company. Goldman Sachs Group, Inc. (The) began coverage on Intelsat in a research note on Thursday, August 10th. They issued a neutral rating and a $3.50 price target for the company. Zacks Investment Research lowered Intelsat from a strong-buy rating to a hold rating in a research note on Tuesday, August 29th. Jefferies Group LLC reaffirmed a buy rating and issued a $5.00 price target on shares of Intelsat in a research note on Wednesday, October 4th. ValuEngine lowered Intelsat from a hold rating to a sell rating in a research note on Monday, October 2nd. Finally, BidaskClub raised Intelsat from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intelsat currently has an average rating of Hold and an average price target of $4.25.

Intelsat (NYSE:I) opened at 6.54 on Thursday. The stock has a 50 day moving average of $4.50 and a 200-day moving average of $3.68. The firm has a market cap of $778.26 million, a P/E ratio of 0.97 and a beta of 2.11. Intelsat has a 12 month low of $2.38 and a 12 month high of $6.75.

Intelsat (NYSE:I) last released its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.13. The firm had revenue of $533.20 million during the quarter, compared to analyst estimates of $534.16 million. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities research analysts predict that Intelsat will post ($0.78) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Royal Bank Of Canada Cuts Intelsat S.A. (I) Price Target to $6.00” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/royal-bank-of-canada-cuts-intelsat-s-a-i-price-target-to-6-00.html.

Several large investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Intelsat by 1.1% during the second quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock valued at $197,000 after acquiring an additional 700 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Intelsat by 17.2% in the 1st quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after buying an additional 5,124 shares in the last quarter. Rhumbline Advisers increased its holdings in Intelsat by 15.3% in the 2nd quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock worth $121,000 after buying an additional 5,265 shares in the last quarter. Bank of New York Mellon Corp

Other analysts have also issued research reports about the company. Goldman Sachs Group, Inc. (The) began coverage on Intelsat in a research note on Thursday, August 10th. They issued a neutral rating and a $3.50 price target for the company. Zacks Investment Research lowered Intelsat from a strong-buy rating to a hold rating in a research note on Tuesday, August 29th. Jefferies Group LLC reaffirmed a buy rating and issued a $5.00 price target on shares of Intelsat in a research note on Wednesday, October 4th. ValuEngine lowered Intelsat from a hold rating to a sell rating in a research note on Monday, October 2nd. Finally, BidaskClub raised Intelsat from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intelsat currently has an average rating of Hold and an average price target of $4.25.

Intelsat (NYSE:I) opened at 6.54 on Thursday. The stock has a 50 day moving average of $4.50 and a 200-day moving average of $3.68. The firm has a market cap of $778.26 million, a P/E ratio of 0.97 and a beta of 2.11. Intelsat has a 12 month low of $2.38 and a 12 month high of $6.75.

Intelsat (NYSE:I) last released its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.13. The firm had revenue of $533.20 million during the quarter, compared to analyst estimates of $534.16 million. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities research analysts predict that Intelsat will post ($0.78) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Royal Bank Of Canada Cuts Intelsat S.A. (I) Price Target to $6.00” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/royal-bank-of-canada-cuts-intelsat-s-a-i-price-target-to-6-00.html.

Several large investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Intelsat by 1.1% during the second quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock valued at $197,000 after acquiring an additional 700 shares in the last quarter. Gotham Asset Management LLC increased its holdings in Intelsat by 17.2% in the 1st quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after buying an additional 5,124 shares in the last quarter. Rhumbline Advisers increased its holdings in Intelsat by 15.3% in the 2nd quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock worth $121,000 after buying an additional 5,265 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Intelsat by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 105,096 shares of the technology company’s stock worth $437,000 after buying an additional 5,338 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Intelsat by 16.0% in the 2nd quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock worth $131,000 after buying an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 37.95% of the company’s stock.

About Intelsat

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).

Receive News & Ratings for Intelsat S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelsat S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply