Shares of Intelsat SA (NYSE:I) traded up 9% on Friday . The stock traded as high as $2.67 and last traded at $2.66, with a volume of 598,837 shares trading hands. The stock had previously closed at $2.44.

Several equities analysts have recently issued reports on I shares. Zacks Investment Research raised shares of Intelsat SA from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Tuesday. JPMorgan Chase & Co. reissued a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Royal Bank Of Canada reduced their price target on shares of Intelsat SA from $3.00 to $2.20 and set an “underperform” rating for the company in a report on Monday, March 21st. Finally, Morgan Stanley reissued an “underweight” rating and set a $1.00 price target (down previously from $5.00) on shares of Intelsat SA in a report 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $4.28.

The firm has a 50 day moving average of $2.90 and a 200-day moving average of $3.05. The company’s market capitalization is $286.46 million.

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 the consensus estimate of $0.21 by $0.08. The firm earned $552.60 million during the quarter, compared to the consensus estimate of $541.77 million. During the same period last year, the company 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, 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 stake in Intelsat SA (NYSE:I) by 54.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,984 shares of the company’s stock after buying an additional 102,923 shares during the period. American Century Companies Inc. owned approximately 0.27% of Intelsat SA worth $1,219,000 at the end of the most recent reporting period.

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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