Intelsat SA (I) Stock Price Up 7%
Intelsat SA (NYSE:I) shares rose 7% during mid-day trading on Monday . The stock traded as high as $2.84 and last traded at $2.75, with a volume of 260,200 shares traded. The stock had previously closed at $2.57.
I has been the subject of several research reports. Zacks Investment Research upgraded shares of Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 target price for the company in a research report on Thursday, July 28th. Raymond James Financial Inc. lowered shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research report on Monday, July 18th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has an average rating of “Sell” and an average price target of $4.24.
The firm’s market capitalization is $323.67 million. The stock’s 50 day moving average is $2.70 and its 200-day moving average is $2.82.
Intelsat SA (NYSE:I) last released its 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 firm had revenue of $542 million for the quarter, compared to analysts’ expectations of $533.51 million. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. 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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