Intelsat SA (NYSE:I) shares shot up 9% on Friday . The company traded as high as $2.67 and last traded at $2.66, with a volume of 598,837 shares. The stock had previously closed at $2.44.

A number of research firms recently weighed in on I. Zacks Investment Research raised Intelsat SA from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Tuesday, July 5th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Intelsat SA in a research note on Monday, May 2nd. Morgan Stanley reissued an “underweight” rating and issued a $1.00 price objective (down from $5.00) on shares of Intelsat SA in a research note on Wednesday, March 23rd. Finally, Royal Bank Of Canada lowered their price objective on Intelsat SA from $3.00 to $2.20 and set an “underperform” rating for the company in a research note on Monday, March 21st. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.28.

The firm’s market capitalization is $283.22 million. The stock’s 50-day moving average is $2.88 and its 200-day moving average is $3.04.

Intelsat SA (NYSE:I) last posted its earnings results on Thursday, April 28th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.08. The company earned $552.60 million during the quarter, compared to the consensus estimate of $541.77 million. Intelsat SA’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Intelsat SA will post $0.31 EPS for the current year.

A hedge fund recently raised its stake in Intelsat SA stock. American Century Companies Inc. raised its stake in Intelsat SA (NYSE:I) by 54.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 292,984 shares of the company’s stock after buying an additional 102,923 shares during the period. American Century Companies Inc. owned 0.27% of Intelsat SA worth $1,219,000 at the end of the most recent reporting period.

Intelsat SA operates in satellite services business. The Company provides 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.

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