Intelsat S.A. (I) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Intelsat S.A. (NYSE:I) from a sell rating to a hold rating in a research report report published on Wednesday, October 25th. Zacks Investment Research currently has $6.75 price objective 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. “

I has been the topic of a number of other reports. BidaskClub raised shares of Intelsat from a buy rating to a strong-buy rating in a research note on Thursday, August 17th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Intelsat in a research note on Thursday, August 10th. They issued a neutral rating and a $3.50 target price on the stock. ValuEngine upgraded shares of Intelsat from a sell rating to a hold rating in a research report on Tuesday, August 1st. Jefferies Group LLC upgraded shares of Intelsat from a hold rating to a buy rating and increased their price target for the company from $2.50 to $5.00 in a research report on Friday, September 8th. Finally, Royal Bank of Canada reduced their price target 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. Two research 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 stock. The company has an average rating of Hold and an average price target of $4.54.

Shares of Intelsat (I) traded up $0.20 on Wednesday, reaching $3.96. 530,300 shares of the company were exchanged, compared to its average volume of 543,463. 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 has a 1-year low of $2.52 and a 1-year high of $7.47.

Intelsat (NYSE:I) last announced its earnings results on Thursday, October 26th. The technology company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The business had revenue of $538.80 million for the quarter, compared to the consensus estimate of $536.93 million. Intelsat had a net margin of 26.57% and a negative return on equity of 1.90%. Intelsat’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $1.65 earnings per share. analysts anticipate that Intelsat will post -1.07 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of I. Nationwide Fund Advisors grew its holdings in shares of Intelsat by 120.7% in the first quarter. Nationwide Fund Advisors now owns 42,058 shares of the technology company’s stock worth $175,000 after purchasing an additional 23,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Intelsat by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 105,096 shares of the technology company’s stock worth $437,000 after purchasing an additional 5,338 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Intelsat by 26.8% in the first quarter. Alliancebernstein L.P. now owns 36,900 shares of the technology company’s stock worth $153,000 after purchasing an additional 7,800 shares during the last quarter. TIAA CREF Investment Management LLC bought a new position in shares of Intelsat in the first quarter worth approximately $421,000. Finally, California Public Employees Retirement System grew its holdings in shares of Intelsat by 11.1% in the first quarter. California Public Employees Retirement System now owns 375,500 shares of the technology company’s stock worth $1,558,000 after purchasing an additional 37,500 shares during the last quarter. Hedge funds and other institutional investors own 37.89% of the company’s stock.

About Intelsat

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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