Intelsat SA (NYSE:I) shares traded down 3.1% during mid-day trading on Tuesday . The company traded as low as $2.80 and last traded at $2.86, with a volume of 74,529 shares trading hands. The stock had previously closed at $2.95.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Zacks Investment Research lowered Intelsat SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Raymond James Financial Inc. lowered Intelsat SA from a “market perform” rating to an “underperform” rating in a report on Monday. Royal Bank Of Canada dropped their target price 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 reissued an “underweight” rating and issued a $1.00 target price (down previously from $5.00) on shares of Intelsat SA in a report on Wednesday, March 23rd. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Intelsat SA presently has a consensus rating of “Sell” and a consensus price target of $4.28.

The firm’s 50 day moving average price is $2.77 and its 200-day moving average price is $2.96. The firm’s market cap is $309.16 million.

Intelsat SA (NYSE:I) last released its earnings results 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 company earned $552.60 million during the quarter, compared to analyst estimates of $541.77 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Analysts anticipate that Intelsat SA will post $0.31 EPS for the current year.

A hedge fund recently raised its stake in Intelsat SA stock. American Century Companies Inc. boosted its position in Intelsat SA (NYSE:I) by 54.2% during the fourth quarter, according to its most recent 13F 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 0.27% of Intelsat SA worth $1,219,000 as of its most recent SEC filing.

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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