Intelsat SA (I) Stock Price Up 7.7%
Intelsat SA (NYSE:I) shares rose 7.7% during trading on Monday . The company traded as high as $3.13 and last traded at $3.07, with a volume of 221,702 shares traded. The stock had previously closed at $2.85.
I has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 price target for the company in a report on Thursday, July 28th. Raymond James Financial Inc. lowered Intelsat SA from a “market perform” rating to an “underperform” rating in a report on Monday, July 18th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Intelsat SA has a consensus rating of “Sell” and an average target price of $4.24.
The stock’s market capitalization is $330.73 million. The company’s 50-day moving average price is $2.70 and its 200 day moving average price is $2.82.
Intelsat SA (NYSE:I) last issued its earnings results on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.64. The business had revenue of $542 million for the quarter, compared to the consensus estimate of $533.51 million. The business’s revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Equities research analysts predict that Intelsat SA will post $1.44 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.
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