Intelsat SA (NYSE:I)’s share price dropped 2.3% on Wednesday . The company traded as low as $2.48 and last traded at $2.57, with a volume of 99,667 shares. The stock had previously closed at $2.63.

I has been the subject of a number of research analyst reports. Zacks Investment Research upgraded 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. restated a “sell” rating on shares of Intelsat SA in a research report on Monday, May 2nd. Finally, 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. 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 has a consensus rating of “Sell” and an average price target of $4.24.

The stock’s market capitalization is $309.55 million. The stock’s 50 day moving average price is $2.57 and its 200 day moving average price is $2.88.

Intelsat SA (NYSE:I) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.64. The firm earned $542 million during the quarter, compared to analysts’ expectations of $533.51 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s quarterly revenue was down 9.4% on a year-over-year basis. On average, equities research analysts expect that Intelsat SA will post $1.57 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.