Intelsat SA (I) Receives $1.57 Average PT from Brokerages
Intelsat SA (NYSE:I) has been given an average rating of “Sell” by the seven brokerages that are covering the firm. Five research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $1.57.
A number of equities analysts have recently issued reports on the company. Raymond James Financial Inc. cut Intelsat SA from a “market perform” rating to an “underperform” rating in a report on Monday, July 18th. Zacks Investment Research cut Intelsat SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 2nd.
A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Intelsat SA by 2.7% in the second quarter. California State Teachers Retirement System now owns 61,117 shares of the company’s stock valued at $158,000 after buying an additional 1,611 shares during the period. Phoenix Investment Adviser LLC acquired a new stake in Intelsat SA during the second quarter valued at $166,000. Emerald Acquisition Ltd. acquired a new stake in Intelsat SA during the second quarter valued at $200,000. BlackRock Investment Management LLC boosted its stake in Intelsat SA by 14.6% in the second quarter. BlackRock Investment Management LLC now owns 123,885 shares of the company’s stock valued at $320,000 after buying an additional 15,778 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Intelsat SA during the first quarter valued at $384,000. Institutional investors and hedge funds own 41.98% of the company’s stock.
Shares of Intelsat SA (NYSE:I) opened at 2.97 on Thursday. The stock’s 50 day moving average price is $2.81 and its 200 day moving average price is $2.91. The company’s market cap is $349.57 million. Intelsat SA has a 12-month low of $1.44 and a 12-month high of $7.16.
Intelsat SA (NYSE:I) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.64. Intelsat SA had a negative return on equity of 7.45% and a net margin of 11.50%. The firm earned $542 million during the quarter, compared to analysts’ expectations of $533.51 million. During the same period in the prior year, the business earned $0.70 EPS. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts forecast that Intelsat SA will post ($0.28) EPS for the current year.
Intelsat SA Company Profile
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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