Shares of Intelsat SA (NYSE:I) have received an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.33.
A number of research analysts have commented on the stock. Goldman Sachs Group restated a “neutral” rating and set a $31.00 price target on shares of Intelsat in a research note on Monday, October 22nd. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Morgan Stanley upgraded shares of Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 price target for the company in a research note on Monday, November 12th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Intelsat in a research note on Tuesday, October 9th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Intelsat by 48.8% in the third quarter. Vanguard Group Inc. now owns 4,899,003 shares of the technology company’s stock valued at $146,970,000 after acquiring an additional 1,607,665 shares during the last quarter. Morgan Stanley raised its stake in shares of Intelsat by 234.6% in the third quarter. Morgan Stanley now owns 1,087,211 shares of the technology company’s stock valued at $32,616,000 after acquiring an additional 762,234 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Intelsat by 176.2% in the third quarter. Legal & General Group Plc now owns 126,932 shares of the technology company’s stock valued at $3,811,000 after acquiring an additional 80,972 shares during the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of Intelsat in the third quarter valued at approximately $618,000. Finally, Teachers Advisors LLC raised its stake in shares of Intelsat by 22.9% in the third quarter. Teachers Advisors LLC now owns 88,963 shares of the technology company’s stock valued at $2,669,000 after acquiring an additional 16,584 shares during the last quarter. Hedge funds and other institutional investors own 49.35% of the company’s stock.
I stock traded down $2.22 during trading on Wednesday, reaching $23.50. 3,692,008 shares of the stock were exchanged, compared to its average volume of 2,537,433. Intelsat has a twelve month low of $2.44 and a twelve month high of $37.70. The company has a market cap of $3.48 billion, a PE ratio of -13.82 and a beta of 1.30.
Intelsat (NYSE:I) last released its earnings results on Tuesday, October 30th. The technology company reported ($1.95) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($1.63). The company had revenue of $537.00 million during the quarter, compared to analyst estimates of $531.97 million. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.26) earnings per share. Research analysts predict that Intelsat will post -2.92 EPS for the current fiscal year.
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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