Zacks Investment Research upgraded shares of Intelsat S.A. (NYSE:I) from a sell rating to a hold rating in a research note released on Wednesday, October 25th. They currently have $6.75 price target on the technology company’s stock.
According to Zacks, “Intelsat Investments S.A. provides satellite communications services. The company offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, internet service providers, military and government sectors. Intelsat Investments S.A. is based in Luxembourg. “
Other equities analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) started coverage on Intelsat in a research report on Thursday, August 10th. They issued a neutral rating and a $3.50 price objective on the stock. Jefferies Group LLC raised Intelsat from a hold rating to a buy rating and upped their price objective for the company from $2.50 to $5.00 in a research report on Friday, September 8th. BidaskClub raised Intelsat from a hold rating to a buy rating in a research report on Tuesday, August 1st. Royal Bank Of Canada lowered their price objective on Intelsat from $6.25 to $6.00 and set an outperform rating on the stock in a research report on Thursday, October 5th. Finally, ValuEngine raised Intelsat from a sell rating to a hold rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $4.54.
Intelsat (NYSE:I) traded up $0.20 during mid-day trading on Wednesday, hitting $3.96. The company’s stock had a trading volume of 530,300 shares, compared to its average volume of 787,532. Intelsat has a 1 year low of $2.52 and a 1 year high of $7.47. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of -3.83.
Intelsat (NYSE:I) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. Intelsat had a negative return on equity of 1.90% and a net margin of 26.57%. The firm had revenue of $538.80 million for the quarter, compared to analysts’ expectations of $536.93 million. During the same period in the previous year, the firm posted $1.65 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. analysts expect that Intelsat will post -1.07 EPS for the current year.
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A number of hedge funds have recently modified their holdings of I. Spark Investment Management LLC purchased a new stake in Intelsat in the 2nd quarter worth $1,451,000. Vanguard Group Inc. increased its stake in Intelsat by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 1,614,972 shares of the technology company’s stock worth $6,702,000 after buying an additional 222,457 shares in the last quarter. Renaissance Technologies LLC increased its stake in Intelsat by 85.7% in the 1st quarter. Renaissance Technologies LLC now owns 355,800 shares of the technology company’s stock worth $1,477,000 after buying an additional 164,200 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Intelsat in the 2nd quarter worth $436,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in Intelsat in the 1st quarter worth $421,000. Institutional investors and hedge funds own 37.89% of the company’s stock.
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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