Intelsat SA (NYSE:I)’s share price traded down 2.8% on Friday . The stock traded as low as $2.74 and last traded at $2.75, with a volume of 96,764 shares trading hands. The stock had previously closed at $2.83.

A number of brokerages have commented on I. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Zacks Investment Research lowered shares of Intelsat SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, Raymond James Financial Inc. lowered shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a report on Monday, July 18th. Five investment 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 an average target price of $4.24.

The firm has a 50 day moving average of $2.63 and a 200-day moving average of $2.85. The company’s market capitalization is $323.67 million.

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