Intelsat S.A. (I) Stock Rating Upgraded by Zacks Investment Research
Intelsat S.A. (NYSE:I) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
Shares of Intelsat (NYSE:I) traded up 0.34% on Tuesday, reaching $2.99. The company’s stock had a trading volume of 236,333 shares. Intelsat has a 1-year low of $2.12 and a 1-year high of $5.87. The stock has a 50-day moving average of $3.11 and a 200 day moving average of $3.51. The stock has a market capitalization of $355.21 million, a PE ratio of 0.38 and a beta of 2.11.
Intelsat (NYSE:I) last released its quarterly earnings results on Thursday, April 27th. The technology company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.16. The business had revenue of $538.50 million for the quarter, compared to the consensus estimate of $544.75 million. Intelsat had a net margin of 43.24% and a negative return on equity of 1.90%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. On average, equities analysts forecast that Intelsat will post ($0.85) EPS for the current year.
Several institutional investors have recently made changes to their positions in the company. Scopia Capital Management LP acquired a new stake in shares of Intelsat during the first quarter valued at approximately $6,300,000. Solus Alternative Asset Management LP acquired a new stake in shares of Intelsat during the first quarter valued at approximately $5,040,000. Macquarie Group Ltd. boosted its stake in shares of Intelsat by 22.3% in the second quarter. Macquarie Group Ltd. now owns 2,289,930 shares of the technology company’s stock valued at $5,908,000 after buying an additional 417,138 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of Intelsat by 123.8% in the fourth quarter. Federated Investors Inc. PA now owns 599,974 shares of the technology company’s stock valued at $2,496,000 after buying an additional 331,877 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Intelsat by 16.0% in the first quarter. Vanguard Group Inc. now owns 1,614,972 shares of the technology company’s stock valued at $6,702,000 after buying an additional 222,457 shares in the last quarter. 38.61% of the stock is owned by institutional investors.
Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. 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 (ISPs).
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