Shares of Intelsat SA (NYSE:I) shot up 1.9% during mid-day trading on Friday . The stock traded as high as $2.84 and last traded at $2.74, with a volume of 121,061 shares traded. The stock had previously closed at $2.69.

Several research firms have weighed in on I. Zacks Investment Research cut Intelsat SA from a “strong-buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. restated a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Morgan Stanley restated 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. Finally, Royal Bank Of Canada cut their price target on Intelsat SA from $3.00 to $2.20 and set an “underperform” rating for the company in a report on Monday, March 21st. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Intelsat SA currently has an average rating of “Sell” and a consensus target price of $4.28.

The stock’s 50 day moving average is $2.79 and its 200-day moving average is $2.99. The company’s market capitalization is $307.00 million.

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

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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