Intelsat SA (NYSE:I) has been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.60.
Several equities research analysts have recently weighed in on the stock. TheStreet cut shares of Intelsat from a “c-” rating to a “d” rating in a research report on Wednesday, February 6th. Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price objective (down from $28.00) on shares of Intelsat in a research report on Monday, March 18th. Barclays reiterated a “hold” rating and set a $23.00 price objective on shares of Intelsat in a research report on Friday, February 1st. Raymond James upgraded shares of Intelsat from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 6th. They noted that the move was a valuation call. Finally, Evercore ISI started coverage on shares of Intelsat in a research report on Monday, February 25th. They set an “outperform” rating and a $50.00 price objective for the company.
A number of large investors have recently bought and sold shares of I. We Are One Seven LLC acquired a new stake in Intelsat in the fourth quarter worth $49,000. Quantamental Technologies LLC bought a new position in shares of Intelsat in the fourth quarter valued at $51,000. Nisa Investment Advisors LLC lifted its stake in shares of Intelsat by 1,291.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,340 shares of the technology company’s stock valued at $71,000 after buying an additional 3,100 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of Intelsat in the first quarter valued at $261,000. Finally, Howe & Rusling Inc. bought a new position in shares of Intelsat in the first quarter valued at $271,000. Institutional investors and hedge funds own 59.48% of the company’s stock.
Shares of NYSE I opened at $20.93 on Wednesday. Intelsat has a 52-week low of $14.38 and a 52-week high of $37.70. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -8.98 and a beta of 1.38.
Intelsat (NYSE:I) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.26). The business had revenue of $528.40 million for the quarter, compared to analysts’ expectations of $523.74 million. During the same period in the prior year, the business posted ($0.56) EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts predict that Intelsat will post -2.56 earnings per share for the current year.
Intelsat Company Profile
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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