Intelsat SA (NYSE:I)’s share price dropped 2.3% on Wednesday . The company traded as low as $2.48 and last traded at $2.57, with a volume of 99,667 shares traded. The stock had previously closed at $2.63.

I has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 target price for the company in a research report on Thursday, July 28th. Raymond James Financial Inc. downgraded shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Intelsat SA in a research note on Monday, May 2nd. Five analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of “Sell” and a consensus price target of $4.24.

The firm’s 50 day moving average is $2.56 and its 200 day moving average is $2.88. The stock’s market cap is $293.07 million.

Intelsat SA (NYSE:I) last posted its earnings results on Wednesday, July 27th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.64. The firm had revenue of $542 million for the quarter, compared to analysts’ expectations of $533.51 million. During the same period last year, the firm earned $0.70 earnings per share. Intelsat SA’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts expect that Intelsat SA will post $1.39 EPS for the current year.

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.