Intelsat SA (NYSE:I) shares were down 2.8% during trading on Friday . The company traded as low as $2.74 and last traded at $2.75, with a volume of 96,764 shares trading hands. The stock had previously closed at $2.83.

Several brokerages recently commented on I. Zacks Investment Research raised 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 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 report on Monday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Intelsat SA in a report on Monday, May 2nd. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Sell” and an average target price of $4.24.

The stock’s 50 day moving average price is $2.63 and its 200-day moving average price is $2.84. The firm’s market capitalization is $323.67 million.

Intelsat SA (NYSE:I) last released its quarterly earnings data 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. During the same quarter in the previous year, the company posted $0.70 EPS. The business had revenue of $542 million for the quarter, compared to analyst estimates of $533.51 million. The business’s quarterly revenue was down 9.4% on a year-over-year basis. On average, analysts expect that Intelsat SA will post $1.39 earnings per share for the current fiscal 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.