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.

A number of research firms have weighed in on I. Zacks Investment Research raised shares of Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 price target on the stock in a research note on Thursday, July 28th. Raymond James Financial Inc. downgraded shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Intelsat SA in a research note on Monday, May 2nd. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has an average rating of “Sell” and an average price target of $4.24.

The firm’s market cap is $303.66 million. The company’s 50-day moving average price is $2.57 and its 200 day moving average price is $2.88.

Intelsat SA (NYSE:I) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.64. The business earned $542 million during the quarter, compared to analyst estimates of $533.51 million. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. On average, analysts forecast that Intelsat SA will post $1.57 earnings per share for the current 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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