Intelsat SA (NYSE:I) shares gapped down prior to trading on Tuesday . The stock had previously closed at $15.25, but opened at $15.32. Intelsat shares last traded at $15.85, with a volume of 593184 shares changing hands.
I has been the topic of a number of recent research reports. Barclays set a $5.00 target price on Intelsat and gave the company a “hold” rating in a report on Saturday, March 17th. Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. ValuEngine raised Intelsat from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Morgan Stanley reissued an “underweight” rating and issued a $6.00 target price on shares of Intelsat in a report on Friday, June 1st. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised Intelsat from an “underweight” rating to a “neutral” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.61.
The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of -3.56. The company has a market capitalization of $1.77 billion, a P/E ratio of -9.30 and a beta of 0.97.
Intelsat (NYSE:I) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.16). The firm had revenue of $543.80 million during the quarter, compared to analysts’ expectations of $520.47 million. During the same quarter in the prior year, the business earned ($0.29) earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. equities analysts predict that Intelsat SA will post -1.87 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Discovery Capital Management LLC CT grew its position in shares of Intelsat by 6.8% during the fourth quarter. Discovery Capital Management LLC CT now owns 7,423,034 shares of the technology company’s stock worth $25,164,000 after purchasing an additional 472,621 shares in the last quarter. Cyrus Capital Partners L.P. purchased a new stake in shares of Intelsat during the fourth quarter worth about $559,000. California Public Employees Retirement System grew its position in shares of Intelsat by 35.3% during the fourth quarter. California Public Employees Retirement System now owns 419,308 shares of the technology company’s stock worth $1,421,000 after purchasing an additional 109,447 shares in the last quarter. Deutsche Bank AG grew its position in shares of Intelsat by 148.9% during the fourth quarter. Deutsche Bank AG now owns 85,327 shares of the technology company’s stock worth $288,000 after purchasing an additional 51,046 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Intelsat during the fourth quarter worth about $219,000. 40.23% of the stock is currently owned by hedge funds and other institutional investors.
Intelsat Company Profile
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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