Intelsat SA (I) Downgraded to Sell at Zacks Investment Research
Intelsat SA (NYSE:I) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Intelsat Investments S.A. provides satellite communications services. The company offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, internet service providers, military and government sectors. Intelsat Investments S.A. is based in Luxembourg. “
Separately, Raymond James Financial Inc. downgraded shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Six investment analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. Intelsat SA presently has a consensus rating of “Sell” and a consensus price target of $3.09.
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Shares of Intelsat SA (NYSE:I) opened at 2.88 on Wednesday. The firm’s market cap is $338.97 million. Intelsat SA has a 12 month low of $1.44 and a 12 month high of $7.15. The firm has a 50 day moving average price of $2.82 and a 200-day moving average price of $2.91.
Intelsat SA (NYSE:I) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.64. The company 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%. Intelsat SA’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. On average, analysts predict that Intelsat SA will post ($0.28) EPS for the current fiscal year.
A number of large investors have recently modified their holdings of I. Solus Alternative Asset Management LP bought a new stake in shares of Intelsat SA during the first quarter valued at about $5,040,000. Scopia Capital Management LP bought a new stake in shares of Intelsat SA during the first quarter valued at about $6,300,000. State Street Corp increased its stake in shares of Intelsat SA by 22.7% in the first quarter. State Street Corp now owns 496,838 shares of the company’s stock valued at $1,255,000 after buying an additional 91,758 shares during the period. Spark Investment Management LLC increased its stake in shares of Intelsat SA by 19.5% in the first quarter. Spark Investment Management LLC now owns 333,900 shares of the company’s stock valued at $841,000 after buying an additional 54,500 shares during the period. Finally, Phoenix Investment Adviser LLC bought a new stake in shares of Intelsat SA during the second quarter valued at about $166,000. Hedge funds and other institutional investors own 41.98% of the company’s stock.
About Intelsat SA
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.
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