Intelsat SA (NYSE:I)’s share price traded up 1.9% on Wednesday . The company traded as high as $36.98 and last traded at $37.27. 78,667 shares were traded during mid-day trading, a decline of 97% from the average session volume of 2,792,753 shares. The stock had previously closed at $36.58.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Intelsat from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intelsat in a research note on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.80.
The company has a debt-to-equity ratio of -3.79, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $4.09 billion, a P/E ratio of -21.65 and a beta of 0.99.
Intelsat (NYSE:I) last posted its earnings results on Tuesday, July 31st. The technology company reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.14. The firm had revenue of $537.70 million during the quarter, compared to analysts’ expectations of $528.50 million. Intelsat’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. On average, analysts expect that Intelsat SA will post -1.55 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Intelsat during the second quarter valued at approximately $102,000. The Manufacturers Life Insurance Company raised 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 period. SG Americas Securities LLC purchased a new stake in Intelsat during the second quarter valued at approximately $122,000. Macquarie Group Ltd. purchased a new stake in Intelsat during the second quarter valued at approximately $148,000. Finally, Cerebellum GP LLC purchased a new stake in Intelsat during the third quarter valued at approximately $190,000. Institutional investors own 50.47% of the company’s stock.
Intelsat Company Profile (NYSE:I)
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.
Read More: How Short Selling Works
Receive News & Ratings for Intelsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelsat and related companies with MarketBeat.com's FREE daily email newsletter.