Intelsat SA (NYSE:I)’s share price traded down 5% on Thursday . The stock traded as low as $35.10 and last traded at $35.59. 4,160,890 shares traded hands during trading, an increase of 48% from the average session volume of 2,809,511 shares. The stock had previously closed at $37.48.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Intelsat from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intelsat in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.80.

The firm has a market capitalization of $4.85 billion, a P/E ratio of -20.36 and a beta of 1.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of -3.79.

Intelsat (NYSE:I) last announced its earnings results on Tuesday, July 31st. The technology company reported ($0.38) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.52) by $0.14. The company had revenue of $537.70 million during the quarter, compared to the consensus estimate of $528.50 million. During the same period in the prior year, the business posted ($0.20) earnings per share. Intelsat’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts predict that Intelsat SA will post -1.55 EPS for the current year.

A number of institutional investors have recently made changes to their positions in I. BlackRock Inc. increased its stake in Intelsat by 11.0% in the 2nd quarter. BlackRock Inc. now owns 1,908,355 shares of the technology company’s stock worth $31,793,000 after buying an additional 188,809 shares in the last quarter. Renaissance Technologies LLC increased its stake in Intelsat by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,640,400 shares of the technology company’s stock worth $27,329,000 after buying an additional 240,800 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Intelsat by 19,421.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,532,258 shares of the technology company’s stock worth $5,761,000 after buying an additional 1,524,409 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in Intelsat in the 2nd quarter worth $13,725,000. Finally, Dorsey Wright & Associates purchased a new stake in Intelsat in the 2nd quarter worth $12,196,000. 50.44% of the stock is currently owned by institutional investors.

About Intelsat (NYSE:I)

Intelsat SA, through its subsidiaries, provides satellite communications services worldwide. The company offers a range of 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; and commercial satellite communication services to the U.S.

Read More: Hedge Funds – Risk or Reward?

Receive News & Ratings for Intelsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelsat and related companies with MarketBeat.com's FREE daily email newsletter.