Intelsat S.A. (NYSE:I) had its price objective lowered by equities research analysts at Royal Bank Of Canada from $6.25 to $6.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 4.15% from the company’s current price.

Several other equities analysts have also issued reports on the company. Jefferies Group LLC restated a “buy” rating and set a $5.00 price target on shares of Intelsat in a research report on Wednesday. ValuEngine lowered Intelsat from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research lowered Intelsat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th. 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) began coverage on Intelsat in a research report on Thursday, August 10th. They set a “neutral” rating and a $3.50 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.25.

Shares of Intelsat (I) opened at 6.26 on Thursday. The company has a market capitalization of $744.94 million, a PE ratio of 0.93 and a beta of 2.12. The company has a 50-day moving average price of $4.36 and a 200 day moving average price of $3.65. Intelsat has a one year low of $2.38 and a one year high of $6.52.

Intelsat (NYSE:I) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.13. The company had revenue of $533.20 million for the quarter, compared to analysts’ expectations of $534.16 million. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. Intelsat’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. Equities analysts anticipate that Intelsat will post ($0.78) EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of I. Nationwide Fund Advisors grew its position in Intelsat by 120.7% during the 1st quarter. Nationwide Fund Advisors now owns 42,058 shares of the technology company’s stock worth $175,000 after acquiring an additional 23,000 shares during the last quarter. Bank of New York Mellon Corp grew its position in Intelsat by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 105,096 shares of the technology company’s stock worth $437,000 after acquiring an additional 5,338 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Intelsat during the 1st quarter worth approximately $159,000. Alliancebernstein L.P. grew its position in Intelsat by 26.8% during the 1st quarter. Alliancebernstein L.P. now owns 36,900 shares of the technology company’s stock worth $153,000 after acquiring an additional 7,800 shares during the last quarter. Finally, TIAA CREF Investment Management LLC bought a new position in Intelsat during the 1st quarter worth approximately $421,000. Institutional investors and hedge funds own 37.95% of the company’s stock.

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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