Investment analysts at Barclays began coverage on shares of Intelsat (NYSE:I) in a research report issued on Friday, March 16th. The firm set a “neutral” rating and a $4.76 price target on the technology company’s stock. Barclays’ price objective would indicate a potential downside of 7.21% from the stock’s previous close.
Several other research firms have also weighed in on I. JPMorgan Chase raised shares of Intelsat from an “underweight” rating to a “neutral” rating in a report on Thursday, March 1st. Zacks Investment Research lowered shares of Intelsat from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 28th. ValuEngine raised shares of Intelsat from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Jefferies Group reissued a “hold” rating on shares of Intelsat in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.38.
Shares of NYSE:I traded up $0.26 during trading on Friday, reaching $5.13. The stock had a trading volume of 2,385,185 shares, compared to its average volume of 664,928. The stock has a market capitalization of $582.23, a P/E ratio of -3.02 and a beta of 1.02. The company has a debt-to-equity ratio of -3.72, a quick ratio of 1.11 and a current ratio of 1.11. Intelsat has a one year low of $2.44 and a one year high of $7.47.
Intelsat (NYSE:I) last posted its quarterly earnings results on Monday, February 26th. The technology company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.73). The business had revenue of $538.14 million for the quarter, compared to the consensus estimate of $534.56 million. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $5.56 earnings per share. research analysts forecast that Intelsat will post -1.57 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC raised its holdings in Intelsat by 95.4% in the 3rd quarter. Citadel Advisors LLC now owns 32,587 shares of the technology company’s stock valued at $153,000 after buying an additional 15,913 shares during the period. GSA Capital Partners LLP purchased a new stake in Intelsat during the third quarter worth about $269,000. Teachers Advisors LLC increased its stake in Intelsat by 45.3% during the second quarter. Teachers Advisors LLC now owns 61,553 shares of the technology company’s stock worth $188,000 after purchasing an additional 19,189 shares during the period. California State Teachers Retirement System increased its stake in Intelsat by 1.1% during the second quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock worth $197,000 after purchasing an additional 700 shares during the period. Finally, Millennium Management LLC purchased a new stake in Intelsat during the fourth quarter worth about $219,000. 36.86% of the stock is currently owned by hedge funds and other institutional investors.
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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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