Intelsat S.A. (I) Lifted to Buy at Jefferies Group LLC
Intelsat S.A. (NYSE:I) was upgraded by analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat reports. The brokerage currently has a $5.00 target price on the technology company’s stock, up from their previous target price of $2.50. Jefferies Group LLC’s price objective points to a potential upside of 26.58% from the stock’s current price.
Several other research firms also recently weighed in on I. BidaskClub raised Intelsat from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded Intelsat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) assumed coverage on Intelsat in a report on Thursday, August 10th. They issued a “neutral” rating and a $3.50 target price for the company. Finally, ValuEngine raised Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $4.30.
Intelsat (NYSE:I) traded down 1.74% during midday trading on Friday, reaching $3.95. The company’s stock had a trading volume of 579,710 shares. Intelsat has a 1-year low of $2.38 and a 1-year high of $5.87. The firm has a market capitalization of $470.05 million, a PE ratio of 0.59 and a beta of 2.07. The stock’s 50-day moving average price is $3.66 and its 200 day moving average price is $3.59.
Intelsat (NYSE:I) last posted its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.13. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The business had revenue of $533.20 million during the quarter, compared to the consensus estimate of $534.16 million. During the same period in the previous year, the business earned $0.98 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Intelsat will post ($0.74) EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of I. Engineers Gate Manager LP purchased a new stake in shares of Intelsat in the 2nd quarter valued at about $100,000. Rhumbline Advisers raised its stake in Intelsat by 15.3% during the 2nd quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock valued at $121,000 after acquiring an additional 5,265 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Intelsat during the 1st quarter valued at approximately $131,000. Alliancebernstein L.P. raised its stake in Intelsat by 16.0% during the 2nd quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock valued at $131,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in Intelsat by 17.2% during the 1st quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock valued at $145,000 after acquiring an additional 5,124 shares during the last quarter. 37.95% of the stock is owned by institutional investors and hedge funds.
Intelsat Company Profile
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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