Intelsat S.A. (I) Downgraded by Zacks Investment Research

Intelsat S.A. (NYSE:I) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, October 17th.

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. “

A number of other research analysts have also recently weighed in on I. Goldman Sachs Group, Inc. (The) began coverage on shares of Intelsat in a research report on Thursday, August 10th. They set a “neutral” rating and a $3.50 price target on the stock. Royal Bank Of Canada reduced their target price on shares of Intelsat from $6.25 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, October 5th. ValuEngine cut shares of Intelsat from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub raised shares of Intelsat from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC raised shares of Intelsat from a “hold” rating to a “buy” rating and boosted their target price for the stock from $2.50 to $5.00 in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Intelsat has an average rating of “Hold” and an average target price of $4.85.

Intelsat (I) opened at 4.79 on Tuesday. The company has a 50 day moving average of $5.39 and a 200-day moving average of $3.88. The company has a market cap of $570.01 million, a P/E ratio of 0.71 and a beta of 2.12. Intelsat has a one year low of $2.46 and a one year high of $7.47.

Intelsat (NYSE:I) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The business had revenue of $538.80 million for the quarter, compared to analyst estimates of $536.93 million. Intelsat had a net margin of 36.95% and a negative return on equity of 1.90%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.65 earnings per share. On average, equities analysts expect that Intelsat will post ($0.79) earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in Intelsat in the first quarter worth about $131,000. Engineers Gate Manager LP acquired a new stake in Intelsat in the second quarter worth about $100,000. Gotham Asset Management LLC lifted its holdings in Intelsat by 17.2% in the first quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after purchasing an additional 5,124 shares during the period. Alliancebernstein L.P. lifted its holdings in Intelsat by 26.8% in the 1st quarter. Alliancebernstein L.P. now owns 36,900 shares of the technology company’s stock valued at $153,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Intelsat in the 1st quarter valued at about $159,000. Hedge funds and other institutional investors own 37.95% of the company’s stock.

Intelsat Company Profile

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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