Intelsat SA (NYSE:I)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $26.74 and last traded at $26.43, with a volume of 128344 shares trading hands. The stock had previously closed at $22.91.
Several equities analysts have weighed in on the company. Royal Bank of Canada upgraded Intelsat from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 20th. Zacks Investment Research lowered Intelsat from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $6.00 target price on shares of Intelsat in a research report on Friday, June 1st. They noted that the move was a valuation call. Finally, Jefferies Financial Group set a $32.00 target price on Intelsat and gave the company a “buy” rating in a research report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Intelsat presently has an average rating of “Hold” and a consensus target price of $12.50.
The stock has a market cap of $3.09 billion, a PE ratio of -16.22 and a beta of 1.04. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of -3.79.
Intelsat (NYSE:I) last announced its earnings results on Tuesday, July 31st. The technology company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.14. The business had revenue of $537.70 million for the quarter, compared to analysts’ expectations of $528.50 million. During the same period in the prior year, the business earned ($0.20) earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. analysts predict that Intelsat SA will post -1.55 EPS for the current year.
Several institutional investors have recently made changes to their positions in I. PointState Capital LP increased its holdings in Intelsat by 3.3% in the 1st quarter. PointState Capital LP now owns 3,598,000 shares of the technology company’s stock worth $13,528,000 after acquiring an additional 113,300 shares during the last quarter. BlackRock Inc. increased its holdings in Intelsat by 11.0% in the 2nd quarter. BlackRock Inc. now owns 1,908,355 shares of the technology company’s stock worth $31,793,000 after acquiring an additional 188,809 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Intelsat by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,640,400 shares of the technology company’s stock worth $27,329,000 after acquiring an additional 240,800 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Intelsat by 19,421.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,532,258 shares of the technology company’s stock worth $5,761,000 after acquiring an additional 1,524,409 shares during the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in Intelsat in the 2nd quarter worth about $13,725,000. 50.47% of the stock is owned by hedge funds and other institutional investors.
About Intelsat (NYSE:I)
Intelsat SA, through its subsidiaries, provides satellite communications services worldwide. The company offers a range of 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; and commercial satellite communication services to the U.S.
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