Shares of Intelsat SA (NYSE:I) rose 4.5% during mid-day trading on Wednesday . The stock traded as high as $27.49 and last traded at $28.28. Approximately 147,528 shares changed hands during trading, a decline of 92% from the average daily volume of 1,744,506 shares. The stock had previously closed at $27.07.
I has been the subject of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $6.00 target price on shares of Intelsat in a report on Friday, June 1st. They noted that the move was a valuation call. Royal Bank of Canada upgraded shares of Intelsat from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 20th. Zacks Investment Research upgraded shares of Intelsat from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, August 1st. Finally, Jefferies Financial Group set a $32.00 target price on shares of Intelsat and gave the stock a “buy” rating in a report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.
The company has a debt-to-equity ratio of -3.79, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -16.32 and a beta of 1.04.
Intelsat (NYSE:I) last posted its earnings results on Tuesday, July 31st. The technology company reported ($0.38) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.14. The firm had revenue of $537.70 million for the quarter, compared to analysts’ expectations of $528.50 million. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) earnings per share. analysts expect that Intelsat SA will post -1.55 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Intelsat in the second quarter worth about $102,000. SG Americas Securities LLC bought a new position in Intelsat in the second quarter worth about $122,000. Macquarie Group Ltd. bought a new position in Intelsat in the second quarter worth about $148,000. Paloma Partners Management Co bought a new position in Intelsat in the second quarter worth about $195,000. Finally, CIBC World Markets Inc. bought a new position in Intelsat in the second quarter worth about $198,000. 50.47% of the stock is owned by 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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