Intelsat SA (NYSE:I) gapped down prior to trading on Thursday . The stock had previously closed at $23.25, but opened at $23.96. Intelsat shares last traded at $24.57, with a volume of 94,073 shares trading hands.
Several brokerages have recently issued reports on I. Zacks Investment Research lowered shares of Intelsat from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. JPMorgan Chase & Co. raised their target price on shares of Intelsat from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Finally, Barclays set a $20.00 target price on shares of Intelsat and gave the company a “hold” rating in a research note on Friday, September 27th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Intelsat currently has an average rating of “Hold” and an average price target of $29.40.
The firm’s 50 day moving average is $24.67 and its two-hundred day moving average is $21.42. The firm has a market cap of $3.63 billion, a P/E ratio of -10.27 and a beta of 1.49.
Intelsat (NYSE:I) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported ($2.74) earnings per share for the quarter, missing the consensus estimate of ($0.88) by ($1.86). The company had revenue of $506.70 million for the quarter, compared to analyst estimates of $502.15 million. During the same quarter last year, the firm earned ($0.26) earnings per share. Intelsat’s revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that Intelsat SA will post -3.5 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Intelsat during the 3rd quarter worth approximately $109,000. Aperio Group LLC bought a new position in Intelsat during the 2nd quarter worth approximately $110,000. Neo Ivy Capital Management bought a new position in Intelsat during the 2nd quarter worth approximately $188,000. CIBC Private Wealth Group LLC bought a new position in Intelsat during the 3rd quarter worth approximately $228,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in Intelsat during the 2nd quarter worth approximately $244,000. 90.92% of the stock is currently owned by institutional investors and hedge funds.
Intelsat Company Profile (NYSE:I)
Intelsat SA, together with 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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