Intelsat SA (NYSE:I) saw strong trading volume on Wednesday . 406,584 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 496,015 shares.The stock last traded at $2.49 and had previously closed at $2.43.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Intelsat SA from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Tuesday. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Intelsat SA in a research report on Monday, May 2nd. Morgan Stanley reiterated an “underweight” rating and set a $1.00 price target (down from $5.00) on shares of Intelsat SA in a research report on Wednesday, March 23rd. Finally, Royal Bank Of Canada dropped their price target on Intelsat SA from $3.00 to $2.20 and set an “underperform” rating for the company in a research report on Monday, March 21st. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Intelsat SA currently has an average rating of “Hold” and an average price target of $4.28.

The company’s market cap is $271.33 million. The firm has a 50-day moving average price of $2.92 and a 200-day moving average price of $3.05.

Intelsat SA (NYSE:I) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.08. The business earned $552.60 million during the quarter, compared to the consensus estimate of $541.77 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities research analysts forecast that Intelsat SA will post $0.31 EPS for the current fiscal year.

An institutional investor recently raised its position in Intelsat SA stock. American Century Companies Inc. increased its position in Intelsat SA (NYSE:I) by 54.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 292,984 shares of the company’s stock after buying an additional 102,923 shares during the period. American Century Companies Inc. owned 0.27% of Intelsat SA worth $1,219,000 as of its most recent filing with the SEC.

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.