Jefferies Financial Group reaffirmed their buy rating on shares of Intelsat (NYSE:I) in a research report sent to investors on Tuesday morning.
“Median short interest for the Beverages group decreased -2.7% since 9/14, while positions against Household Products decreased -1.2% during the same period. Among the largest decreases in Beverages since 9/14 were BFB (-23%), CCE (-8%), and STZ (-7%); among the largest decreases in HPC were CLX (-6%), ENR (-4%), and CL (-3%). Median days to cover for Beverages are 2.3 and 6.4 for HPC. Our favored long ideas are and PETQ. Short interest update: Median short interest (SI) for the Beverages group decreased -2.7% since 9/14, while positions against the HPC group decreased -1.2%. In aggregate, short interest for the overall staples group decreased -1.8% since 9/14. Short interest levels decreased for 20 of the 30 companies in our composite Staples index.”,” the firm’s analyst wrote.
Several other analysts have also recently commented on I. Zacks Investment Research raised Intelsat from a sell rating to a hold rating in a research report on Tuesday, August 14th. Royal Bank of Canada raised Intelsat from a sector perform rating to an outperform rating in a research report on Wednesday, June 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $13.80.
Shares of NYSE I traded up $2.10 during mid-day trading on Tuesday, reaching $31.44. The company had a trading volume of 2,155,478 shares, compared to its average volume of 2,773,793. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of -3.79. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -18.49 and a beta of 0.99. Intelsat has a 1-year low of $2.44 and a 1-year high of $34.26.
Intelsat (NYSE:I) last issued its earnings results on Tuesday, July 31st. The technology company reported ($0.38) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.14. The company had revenue of $537.70 million during the quarter, compared to analyst estimates of $528.50 million. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. As a group, analysts anticipate that Intelsat will post -1.55 earnings per share for the current year.
Several institutional investors have recently modified their holdings of I. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Intelsat in the second quarter worth $102,000. The Manufacturers Life Insurance Company boosted its position in Intelsat by 355.4% during the first quarter. The Manufacturers Life Insurance Company now owns 28,223 shares of the technology company’s stock valued at $106,000 after purchasing an additional 22,025 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Intelsat during the second quarter valued at $122,000. Macquarie Group Ltd. acquired a new stake in Intelsat during the second quarter valued at $148,000. Finally, Cerebellum GP LLC acquired a new stake in Intelsat during the third quarter valued at $190,000. 50.47% of the stock is owned by institutional investors and hedge funds.
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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