Intelsat SA (I) Stock Price Up 7.3%
Intelsat SA (NYSE:I) shares rose 7.3% during trading on Friday . The stock traded as high as $2.36 and last traded at $2.35, with a volume of 617,701 shares traded. The stock had previously closed at $2.19.
I has been the topic of several recent analyst reports. Zacks Investment Research raised Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 target price on the stock in a report on Thursday. Raymond James Financial Inc. cut shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research report on Monday, July 18th. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of Intelsat SA in a research report on Monday, May 2nd. Five analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.24.
The company’s 50 day moving average is $2.57 and its 200 day moving average is $2.89. The firm’s market capitalization is $270.71 million.
Intelsat SA (NYSE:I) last announced its earnings results on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.64. During the same period in the prior year, the business posted $0.70 earnings per share. The business had revenue of $542 million for the quarter, compared to the consensus estimate of $533.51 million. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities analysts forecast that Intelsat SA will post $0.91 earnings per share 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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