Intelsat SA (NYSE:I)’s share price dropped 8.5% on Thursday . The stock traded as low as $2.15 and last traded at $2.16, with a volume of 465,389 shares changing hands. The stock had previously closed at $2.36.

I has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Intelsat SA from a “sell” rating to a “hold” rating in a report on Wednesday, March 30th. JPMorgan Chase & Co. restated a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Finally, Raymond James Financial Inc. lowered shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a report on Monday, July 18th. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus price target of $4.28.

The stock has a 50 day moving average of $2.59 and a 200 day moving average of $2.90. The company’s market capitalization is $236.74 million.

Intelsat SA (NYSE:I) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.64. During the same period last year, the firm posted $0.70 earnings per share. The company had revenue of $542 million for the quarter, compared to the consensus estimate of $533.51 million. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts expect that Intelsat SA will post $0.63 EPS for the current fiscal year.

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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