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Investment analysts at Evercore Partners lowered their target price on shares of Intelsat SA (NYSE:I) from $28.00 to $26.00 in a note issued to investors on Wednesday. Evercore Partners’ price objective suggests a potential upside of 38.37% from the stock’s previous close.

Shares of Intelsat SA (NYSE:I) traded down 1.65% on Wednesday, hitting $18.48. The stock had a trading volume of 42,618 shares. Intelsat SA has a 1-year low of $16.92 and a 1-year high of $25.83. The stock has a 50-day moving average of $18.8 and a 200-day moving average of $19.09. The company has a market cap of $1.982 billion and a P/E ratio of 6.84.

Intelsat SA (NYSE:I) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.25. The company had revenue of $615.70 million for the quarter, compared to the consensus estimate of $621.14 million. During the same quarter last year, the company posted ($4.19) earnings per share. Intelsat SA’s revenue was down 5.8% compared to the same quarter last year. Analysts expect that Intelsat SA will post $2.28 EPS for the current fiscal year.

Separately, analysts at Zacks upgraded shares of Intelsat SA from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 15th. They now have a $20.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Intelsat SA has an average rating of “Buy” and an average price target of $23.33.

Intelsat SA is a satellite services business, providing a layer in the global communications infrastructure.

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