Intelsat SA (I) Stock Price Up 6.4%
Intelsat SA (NYSE:I)’s share price rose 6.4% during mid-day trading on Thursday . The stock traded as high as $2.66 and last traded at $2.65, with a volume of 388,488 shares changing hands. The stock had previously closed at $2.49.
I has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 price objective on the stock in a report on Thursday, July 28th. 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. reissued a “sell” rating on shares of Intelsat SA in a research note on Monday, May 2nd. Five analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus target price of $4.24.
The firm has a 50 day moving average of $2.57 and a 200 day moving average of $2.88. The company’s market capitalization is $310.73 million.
Intelsat SA (NYSE:I) last posted its earnings results on Wednesday, July 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.64. The business had revenue of $542 million for the quarter, compared to analyst estimates of $533.51 million. During the same period last year, the company posted $0.70 EPS. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. Analysts expect that Intelsat SA will post $1.57 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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