Intelsat SA (NYSE:I) shares traded down 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. The stock had previously closed at $2.51.

Several research 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 on the stock in a report on Tuesday. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Intelsat SA in a report 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 report on Monday, March 21st. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $1.00 price objective (down previously from $5.00) on shares of Intelsat SA in a report on Wednesday, March 23rd. 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 stock. The stock presently has an average rating of “Hold” and an average price target of $4.28.

The firm’s market cap is $283.22 million. The stock has a 50 day moving average of $2.88 and a 200-day moving average of $3.04.

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

A hedge fund recently raised its stake in Intelsat SA stock. American Century Companies Inc. increased its stake in shares of Intelsat SA (NYSE:I) by 54.2% during the fourth quarter, according to its most recent disclosure 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 approximately 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.

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