Intelsat SA (NYSE:I) saw a large drop in short interest in January. As of January 12th, there was short interest totalling 1,551,546 shares, a drop of 27.0% from the December 29th total of 2,125,011 shares. Based on an average daily trading volume, of 354,404 shares, the short-interest ratio is currently 4.4 days. Approximately 3.9% of the company’s stock are sold short.
Several institutional investors have recently bought and sold shares of the business. Strs Ohio boosted its stake in shares of Intelsat by 56.9% in the 4th quarter. Strs Ohio now owns 197,100 shares of the technology company’s stock worth $668,000 after buying an additional 71,500 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Intelsat in the 3rd quarter worth $269,000. Dimensional Fund Advisors LP boosted its stake in shares of Intelsat by 162.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 373,871 shares of the technology company’s stock worth $1,757,000 after buying an additional 231,531 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Intelsat by 17.0% in the 3rd quarter. Wells Fargo & Company MN now owns 97,043 shares of the technology company’s stock worth $456,000 after buying an additional 14,066 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of Intelsat by 95.4% in the 3rd quarter. Citadel Advisors LLC now owns 32,587 shares of the technology company’s stock worth $153,000 after buying an additional 15,913 shares during the last quarter. 36.51% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on I. Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating and set a $6.75 target price for the company in a report on Wednesday, October 25th. UBS Group lowered Intelsat from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $3.50 to $3.00 in a report on Wednesday, November 1st. Royal Bank of Canada lowered Intelsat from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 26th. Finally, ValuEngine raised Intelsat from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Intelsat presently has an average rating of “Hold” and a consensus price target of $4.25.
Shares of Intelsat (NYSE I) opened at $2.70 on Monday. The company has a market capitalization of $321.30, a price-to-earnings ratio of 0.56 and a beta of 1.73. Intelsat has a fifty-two week low of $2.61 and a fifty-two week high of $7.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of -3.83.
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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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