Shares of Intelsat SA (NYSE:I) dropped 4.4% on Thursday . The company traded as low as $2.54 and last traded at $2.58, with a volume of 237,321 shares changing hands. The stock had previously closed at $2.70.

I has been the subject of a number of research reports. Zacks Investment Research upgraded Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 target price 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. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Sell” and a consensus price target of $4.24.

The company has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.82. The stock’s market capitalization is $323.67 million.

Intelsat SA (NYSE:I) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 earnings per share for the quarter, topping the 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. Intelsat SA’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. Equities research analysts anticipate that Intelsat SA will post $1.44 EPS 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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