Shares of Intelsat SA (NYSE:I) were up 5% during mid-day trading on Wednesday . The company traded as high as $2.84 and last traded at $2.72, with a volume of 227,839 shares trading hands. The stock had previously closed at $2.59.

I has been the topic of a number of research reports. JPMorgan Chase & Co. restated a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Zacks Investment Research cut shares of Intelsat SA from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, Raymond James Financial Inc. cut shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus price target of $4.24.

The company’s market cap is $314.26 million. The stock’s 50-day moving average price is $2.57 and its 200 day moving average price is $2.87.

Intelsat SA (NYSE:I) last announced its quarterly earnings results 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 company had revenue of $542 million for the quarter, compared to analyst estimates of $533.51 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. Intelsat SA’s revenue was down 9.4% on a year-over-year basis. Equities research analysts expect that Intelsat SA will post $1.39 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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