Shares of Intelsat SA (NYSE:I) have been given an average recommendation of “Hold” by the nine brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $30.60.
I has been the topic of several research reports. Morgan Stanley set a $100.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, May 16th. Zacks Investment Research downgraded shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. raised shares of Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Wednesday, April 3rd.
A number of institutional investors have recently made changes to their positions in I. Norges Bank purchased a new position in shares of Intelsat in the 4th quarter worth about $33,155,000. Dimensional Fund Advisors LP raised its position in Intelsat by 60.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,091,178 shares of the technology company’s stock worth $23,342,000 after buying an additional 409,549 shares during the last quarter. Centerbridge Partners L.P. raised its position in Intelsat by 3,504.2% in the 4th quarter. Centerbridge Partners L.P. now owns 857,800 shares of the technology company’s stock worth $18,349,000 after buying an additional 834,000 shares during the last quarter. Key Square Capital Management LLC purchased a new position in Intelsat in the 1st quarter worth about $10,380,000. Finally, Northern Trust Corp raised its position in Intelsat by 18.5% in the 4th quarter. Northern Trust Corp now owns 545,039 shares of the technology company’s stock worth $11,659,000 after buying an additional 84,999 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.
Shares of Intelsat stock traded up $0.12 on Thursday, reaching $21.12. The stock had a trading volume of 1,187,370 shares, compared to its average volume of 2,515,357. Intelsat has a 1 year low of $14.81 and a 1 year high of $37.70. The stock has a market capitalization of $2.84 billion, a P/E ratio of -9.06 and a beta of 1.40. The stock’s 50 day moving average price is $19.52.
Intelsat (NYSE:I) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.26). The company had revenue of $528.40 million for the quarter, compared to analyst estimates of $523.74 million. Intelsat’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.56) earnings per share. Equities analysts anticipate that Intelsat will post -2.89 earnings per share for the current fiscal year.
Intelsat SA, together with 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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