Intelsat SA (I) Given Consensus Rating of “Sell” by Analysts

Intelsat SA (NYSE:I) has received a consensus rating of “Sell” from the seven ratings firms that are presently covering the stock. Five research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $1.57.

Separately, Zacks Investment Research lowered shares of Intelsat SA from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th.

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Several institutional investors have recently modified their holdings of the company. Zacks Investment Management bought a new position in shares of Intelsat SA during the third quarter worth approximately $165,000. California State Teachers Retirement System raised its position in shares of 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. Emerald Acquisition Ltd. acquired a new position in shares of Intelsat SA during the second quarter valued at about $200,000. BlackRock Investment Management LLC raised its position in shares of 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. Finally, Strs Ohio raised its position in shares of Intelsat SA by 6.3% in the third quarter. Strs Ohio now owns 193,100 shares of the company’s stock valued at $523,000 after buying an additional 11,400 shares during the last quarter. 40.98% of the stock is currently owned by institutional investors and hedge funds.

Intelsat SA (NYSE:I) traded down 0.65% during trading on Wednesday, reaching $3.07. The company had a trading volume of 76,883 shares. The stock has a 50 day moving average of $3.19 and a 200-day moving average of $2.86. Intelsat SA has a 12-month low of $1.44 and a 12-month high of $4.57. The stock’s market capitalization is $361.65 million.

Intelsat SA (NYSE:I) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.23. Intelsat SA had a net margin of 17.03% and a negative return on equity of 4.99%. The company had revenue of $542.70 million for the quarter, compared to analyst estimates of $536.32 million. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts forecast that Intelsat SA will post $2.34 earnings per share for the current fiscal year.

About Intelsat SA

Intelsat SA is a Luxembourg-based company that operates in satellite services business. 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.