Intelsat SA (NYSE:I) shares traded down 4.8% during mid-day trading on Friday . The stock traded as low as $2.60 and last traded at $2.60, with a volume of 82,331 shares. The stock had previously closed at $2.73.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “sell” rating on shares of Intelsat SA in a research note on Monday, May 2nd. Zacks Investment Research cut Intelsat SA from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, Raymond James Financial Inc. cut 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. The company has a consensus rating of “Sell” and a consensus target price of $4.24.

The firm’s market capitalization is $316.61 million. The company’s 50 day moving average is $2.58 and its 200 day moving average is $2.86.

Intelsat SA (NYSE:I) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ 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. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. 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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