Intelsat SA (I) Shares Down 8.5%
Shares of Intelsat SA (NYSE:I) dropped 8.5% during mid-day trading 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 subject of several recent research reports. Zacks Investment Research raised shares of Intelsat SA from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Intelsat SA in a research report on Monday, May 2nd. Finally, Raymond James Financial Inc. downgraded shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research report on Monday, July 18th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.24.
The firm has a 50 day moving average price of $2.57 and a 200-day moving average price of $2.89. The company’s market capitalization is $270.71 million.
Intelsat SA (NYSE:I) last released its earnings results on Wednesday, July 27th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.64. During the same period last year, the firm earned $0.70 EPS. The business had revenue of $542 million for the quarter, compared to analysts’ expectations of $533.51 million. The company’s revenue 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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