Intelsat SA (NYSE:I) dropped 4.8% during mid-day trading on Friday . The stock traded as low as $2.92 and last traded at $2.95, with a volume of 176,184 shares. The stock had previously closed at $3.10.

I has been the subject of several research analyst reports. Zacks Investment Research raised Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 price target for the company in a research note on Thursday, July 28th. Raymond James Financial Inc. lowered 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 issued a hold rating to the stock. Intelsat SA presently has an average rating of “Sell” and a consensus price target of $4.24.

The company’s market capitalization is $335.44 million. The firm’s 50 day moving average price is $2.67 and its 200-day moving average price is $2.83.

Intelsat SA (NYSE:I) last announced its earnings results on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.64. The company earned $542 million during the quarter, compared to the consensus estimate of $533.51 million. Intelsat SA’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities research analysts expect that Intelsat SA will post $1.55 earnings per share for the current year.

An institutional investor recently raised its position in Intelsat SA stock. Schwab Charles Investment Management Inc. raised its position in Intelsat SA (NYSE:I) by 38.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284,835 shares of the company’s stock after buying an additional 78,889 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.27% of Intelsat SA worth $1,185,000 at the end of the most recent quarter.

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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