Intelsat SA (NYSE:I) shares fell 2.4% during trading on Thursday . The stock traded as low as $2.43 and last traded at $2.45, with a volume of 185,315 shares traded. The stock had previously closed at $2.51.

Several research firms have recently commented on I. Zacks Investment Research raised Intelsat SA from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Intelsat SA in a research note on Monday, May 2nd. Royal Bank Of Canada decreased their price objective on Intelsat SA from $3.00 to $2.20 and set an “underperform” rating on the stock in a research note on Monday, March 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $1.00 price objective (down previously from $5.00) on shares of Intelsat SA in a research note on Wednesday, March 23rd. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $4.28.

The stock’s 50 day moving average is $2.90 and its 200 day moving average is $3.05. The firm’s market cap is $263.76 million.

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

An institutional investor recently raised its position in Intelsat SA stock. American Century Companies Inc. boosted its stake in shares of Intelsat SA (NYSE:I) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 292,984 shares of the company’s stock after buying an additional 102,923 shares during the period. American Century Companies Inc. owned about 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.