Intelsat SA (I) Trading 5% Higher
Intelsat SA (NYSE:I)’s share price traded up 5% on Wednesday . The stock traded as high as $2.84 and last traded at $2.72, with a volume of 227,839 shares. The stock had previously closed at $2.59.
Several equities analysts have recently commented on I shares. Zacks Investment Research upgraded shares of Intelsat SA from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Tuesday, July 5th. JPMorgan Chase & Co. restated a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Finally, Raymond James Financial Inc. lowered shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus price target of $4.24.
The firm has a 50-day moving average price of $2.57 and a 200-day moving average price of $2.86. The stock’s market capitalization is $317.79 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, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.64. The firm earned $542 million during the quarter, compared to analyst estimates of $533.51 million. During the same quarter last year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, equities research analysts expect that Intelsat SA will post $1.39 earnings per share 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.
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