Intelsat SA (NYSE:I)’s share price dropped 3.3% on Tuesday . The stock traded as low as $2.60 and last traded at $2.61, with a volume of 149,222 shares traded. The stock had previously closed at $2.70.

I has been the topic of several research reports. Zacks Investment Research upgraded shares of Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 price target on the stock in a report on Thursday, July 28th. Raymond James Financial Inc. cut shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Intelsat SA presently has a consensus rating of “Sell” and a consensus target price of $3.09.

The company’s market cap is $300.13 million. The stock’s 50 day moving average price is $2.76 and its 200-day moving average price is $2.87.

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Intelsat SA (NYSE:I) last posted its earnings results on Wednesday, July 27th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.64. The firm earned $542 million during the quarter, compared to analysts’ expectations of $533.51 million. Intelsat SA had a negative return on equity of 7.45% and a net margin of 11.50%. The firm’s revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. Equities analysts expect that Intelsat SA will post ($0.28) earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of I. California State Teachers Retirement System boosted its stake in Intelsat SA by 2.7% in the second quarter. California State Teachers Retirement System now owns 61,117 shares of the company’s stock valued at $158,000 after buying an additional 1,611 shares during the last quarter. Geode Capital Management LLC boosted its stake in Intelsat SA by 1.4% in the first quarter. Geode Capital Management LLC now owns 169,899 shares of the company’s stock valued at $428,000 after buying an additional 2,392 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Intelsat SA by 1.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 466,504 shares of the company’s stock valued at $1,176,000 after buying an additional 8,302 shares during the last quarter. Spark Investment Management LLC boosted its stake in Intelsat SA by 3.8% in the second quarter. Spark Investment Management LLC now owns 346,700 shares of the company’s stock valued at $894,000 after buying an additional 12,800 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Intelsat SA by 14.6% in the second quarter. BlackRock Investment Management LLC now owns 123,885 shares of the company’s stock valued at $320,000 after buying an additional 15,778 shares during the last quarter. Hedge funds and other institutional investors own 41.98% of the company’s stock.

Intelsat SA Company Profile

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.

5 Day Chart for NYSE:I

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