Shares of Intelsat SA (NYSE:I) were up 6% during trading on Wednesday . The stock traded as high as $3.39 and last traded at $3.37. Approximately 1,026,058 shares traded hands during mid-day trading, an increase of 90% from the average daily volume of 539,683 shares. The stock had previously closed at $3.18.

I has been the topic of several recent analyst reports. Zacks Investment Research lowered Intelsat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Royal Bank of Canada lowered their target price on Intelsat from $6.25 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, October 5th. Jefferies Group reaffirmed a “buy” rating and set a $5.00 target price on shares of Intelsat in a research report on Wednesday, October 4th. ValuEngine lowered Intelsat from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, UBS lowered Intelsat from a “neutral” rating to a “sell” rating and lowered their price target for the company from $3.50 to $3.00 in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Intelsat has a consensus rating of “Hold” and a consensus price target of $4.54.

The company has a debt-to-equity ratio of -3.83, a current ratio of 1.11 and a quick ratio of 1.11.

Intelsat (NYSE:I) last released its quarterly earnings results on Thursday, October 26th. The technology company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.04. Intelsat had a negative return on equity of 1.90% and a net margin of 26.57%. The firm had revenue of $538.80 million for the quarter, compared to analysts’ expectations of $536.93 million. During the same quarter last year, the firm posted $1.65 EPS. The company’s revenue was down .7% compared to the same quarter last year. equities research analysts forecast that Intelsat SA will post -1.01 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in I. Engineers Gate Manager LP bought a new stake in shares of Intelsat during the second quarter valued at approximately $100,000. Rhumbline Advisers raised its stake in Intelsat by 15.3% during the second quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock valued at $121,000 after buying an additional 5,265 shares during the last quarter. Alliancebernstein L.P. raised its stake in Intelsat by 16.0% during the second quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock valued at $131,000 after buying an additional 5,900 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Intelsat by 95.4% in the third quarter. Citadel Advisors LLC now owns 32,587 shares of the technology company’s stock worth $153,000 after purchasing an additional 15,913 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Intelsat by 45.3% in the second quarter. Teachers Advisors LLC now owns 61,553 shares of the technology company’s stock worth $188,000 after purchasing an additional 19,189 shares during the last quarter. 36.45% of the stock is currently owned by institutional investors and hedge funds.

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About Intelsat

Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It 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 (ISPs).

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