Shares of Intelsat SA (NYSE:I) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.00.
I has been the topic of several recent analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a $31.00 price objective on shares of Intelsat in a research report on Monday, October 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intelsat in a research report on Tuesday, October 9th. Finally, Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th.
Shares of NYSE:I opened at $27.80 on Friday. Intelsat has a 1-year low of $2.44 and a 1-year high of $37.70. The firm has a market cap of $3.49 billion, a PE ratio of -16.35 and a beta of 1.00.
Intelsat (NYSE:I) last issued its quarterly earnings results on Tuesday, October 30th. The technology company reported ($1.95) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.63). The firm had revenue of $537.00 million during the quarter, compared to analysts’ expectations of $531.97 million. During the same period in the previous year, the firm earned ($0.26) EPS. Intelsat’s quarterly revenue was down .4% on a year-over-year basis. On average, sell-side analysts anticipate that Intelsat will post -1.55 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in I. BlackRock Inc. boosted its position in Intelsat by 0.9% in the first quarter. BlackRock Inc. now owns 1,719,546 shares of the technology company’s stock worth $6,464,000 after purchasing an additional 14,580 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Intelsat by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 561,774 shares of the technology company’s stock worth $2,112,000 after purchasing an additional 7,833 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Intelsat by 355.4% in the first quarter. The Manufacturers Life Insurance Company now owns 28,223 shares of the technology company’s stock worth $106,000 after purchasing an additional 22,025 shares during the last quarter. Millennium Management LLC boosted its position in Intelsat by 70.5% in the first quarter. Millennium Management LLC now owns 109,994 shares of the technology company’s stock worth $414,000 after purchasing an additional 45,472 shares during the last quarter. Finally, Dorsey Wright & Associates purchased a new position in Intelsat in the second quarter worth about $12,196,000. 49.79% of the stock is currently owned by 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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