Jefferies Group LLC Reiterates “Buy” Rating for Intelsat S.A. (I)
Intelsat S.A. (NYSE:I)‘s stock had its “buy” rating restated by Jefferies Group LLC in a note issued to investors on Wednesday. They presently have a $5.00 target price on the technology company’s stock. Jefferies Group LLC’s target price suggests a potential downside of 20.13% from the stock’s previous close.
Other analysts have also issued reports about the company. ValuEngine lowered Intelsat from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research lowered Intelsat from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. BidaskClub upgraded Intelsat from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Intelsat in a research report on Thursday, August 10th. They set a “neutral” rating and a $3.50 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.30.
Intelsat (I) traded up 16.57% during trading on Wednesday, hitting $6.26. 5,522,979 shares of the stock traded hands. The firm’s 50-day moving average is $4.29 and its 200 day moving average is $3.63. The stock has a market cap of $744.94 million, a P/E ratio of 0.93 and a beta of 2.12. Intelsat has a 52 week low of $2.38 and a 52 week high of $6.52.
Intelsat (NYSE:I) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.13. The firm had revenue of $533.20 million during the quarter, compared to analyst estimates of $534.16 million. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. Equities research analysts forecast that Intelsat will post ($0.78) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP acquired a new position in shares of Intelsat during the 2nd quarter worth about $100,000. Rhumbline Advisers grew its position in shares of Intelsat by 15.3% during the 2nd quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock worth $121,000 after buying an additional 5,265 shares during the period. Citadel Advisors LLC acquired a new position in shares of Intelsat during the 1st quarter worth about $131,000. Alliancebernstein L.P. grew its position in shares of Intelsat by 16.0% during the 2nd quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock worth $131,000 after buying an additional 5,900 shares during the period. Finally, Gotham Asset Management LLC grew its position in shares of Intelsat by 17.2% during the 1st quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after buying an additional 5,124 shares during the period. Institutional investors own 37.95% of the company’s stock.
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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