Intelsat SA (I) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “Intelsat Investments S.A. provides satellite communications services. The company offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, internet service providers, military and government sectors. Intelsat Investments S.A. is based in Luxembourg. “
Separately, Raymond James Financial Inc. downgraded Intelsat SA from a market perform rating to an underperform rating in a research report on Monday, July 18th. Six research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Intelsat SA currently has a consensus rating of Sell and a consensus target price of $3.09.
Intelsat SA (NYSE:I) opened at 2.45 on Wednesday. The firm has a 50-day moving average price of $2.81 and a 200-day moving average price of $2.91. Intelsat SA has a 52 week low of $1.44 and a 52 week high of $7.15. The stock’s market capitalization is $288.36 million.
Intelsat SA (NYSE:I) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, beating 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 company earned $542 million during the quarter, compared to analyst estimates of $533.51 million. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. Equities research analysts predict that Intelsat SA will post ($0.28) EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Scopia Capital Management LP acquired a new stake in Intelsat SA during the first quarter worth $6,300,000. Macquarie Group Ltd. raised its position in shares of Intelsat SA by 22.3% in the second quarter. Macquarie Group Ltd. now owns 2,289,930 shares of the company’s stock worth $5,908,000 after buying an additional 417,138 shares during the period. Solus Alternative Asset Management LP purchased a new position in shares of Intelsat SA during the first quarter worth about $5,040,000. AQR Capital Management LLC raised its position in shares of Intelsat SA by 72.8% in the second quarter. AQR Capital Management LLC now owns 941,141 shares of the company’s stock worth $2,428,000 after buying an additional 396,648 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Intelsat SA by 19.1% in the second quarter. BlackRock Fund Advisors now owns 763,196 shares of the company’s stock worth $1,969,000 after buying an additional 122,262 shares during the period. 41.98% of the stock is currently owned by institutional investors and hedge funds.
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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