Shares of Intelsat SA (NYSE:I) have been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $30.60.
A number of brokerages recently weighed in on I. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley set a $100.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. upgraded Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Wednesday, April 3rd.
Several institutional investors have recently made changes to their positions in the stock. Ipswich Investment Management Co. Inc. boosted its position in Intelsat by 18.2% during the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 23,830 shares of the technology company’s stock valued at $463,000 after acquiring an additional 3,670 shares in the last quarter. FMR LLC purchased a new position in shares of Intelsat during the first quarter valued at approximately $1,277,000. Marshall Wace North America L.P. purchased a new position in shares of Intelsat during the first quarter valued at approximately $1,268,000. AO Asset Management LP lifted its holdings in shares of Intelsat by 45.4% during the first quarter. AO Asset Management LP now owns 446,775 shares of the technology company’s stock valued at $6,996,000 after purchasing an additional 139,475 shares during the last quarter. Finally, Acorn Advisory Capital L.P. purchased a new position in shares of Intelsat during the first quarter valued at approximately $1,287,000. Institutional investors own 93.52% of the company’s stock.
Shares of Intelsat stock traded up $0.88 during trading on Thursday, reaching $20.60. 1,593,700 shares of the company’s stock were exchanged, compared to its average volume of 2,528,687. Intelsat has a 1-year low of $14.81 and a 1-year high of $37.70. The stock has a market cap of $2.72 billion, a P/E ratio of -8.84 and a beta of 1.41. The company has a 50-day simple moving average of $19.47.
Intelsat (NYSE:I) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $523.74 million. The firm’s 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) EPS. As a group, sell-side analysts anticipate that Intelsat will post -2.89 EPS for the current fiscal 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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