Intelsat SA (NYSE:I) traded down 4.7% on Wednesday . The company traded as low as $2.65 and last traded at $2.66, with a volume of 187,691 shares. The stock had previously closed at $2.79.

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

The firm’s market capitalization is $290.79 million. The stock’s 50-day moving average price is $2.82 and its 200-day moving average price is $3.00.

Intelsat SA (NYSE:I) last issued its earnings results on Thursday, April 28th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.08. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business earned $552.60 million during the quarter, compared to analysts’ expectations of $541.77 million. The business’s quarterly revenue was down 8.3% on a year-over-year basis. Equities analysts predict that Intelsat SA will post $0.31 EPS for the current year.

An institutional investor recently raised its position in Intelsat SA stock. American Century Companies Inc. raised its position in shares of Intelsat SA (NYSE:I) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the SEC.

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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