Intelsat S.A. (I) Given Consensus Rating of “Hold” by Analysts
Shares of Intelsat S.A. (NYSE:I) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $4.25.
Several equities analysts recently commented on the company. Royal Bank Of Canada dropped their target price on Intelsat from $6.25 to $6.00 and set an “outperform” rating for the company in a research note on Thursday, October 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Intelsat in a research note on Wednesday, October 4th. Zacks Investment Research lowered Intelsat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. ValuEngine lowered Intelsat from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, UBS AG downgraded Intelsat from a “neutral” rating to a “sell” rating and lowered their price target for the company from $3.50 to $3.00 in a research report on Wednesday, November 1st.
Several hedge funds and other institutional investors have recently modified their holdings of I. Spark Investment Management LLC purchased a new stake in shares of Intelsat in the second quarter worth about $1,451,000. Dimensional Fund Advisors LP boosted its position in shares of Intelsat by 162.7% in the third quarter. Dimensional Fund Advisors LP now owns 373,871 shares of the technology company’s stock worth $1,757,000 after buying an additional 231,531 shares during the period. Vanguard Group Inc. boosted its position 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 worth $6,702,000 after buying an additional 222,457 shares during the period. Renaissance Technologies LLC boosted its position in shares of Intelsat by 85.7% in the first quarter. Renaissance Technologies LLC now owns 355,800 shares of the technology company’s stock worth $1,477,000 after buying an additional 164,200 shares during the period. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Intelsat in the first quarter worth about $421,000. 37.87% of the stock is owned by institutional investors.
Intelsat (NYSE:I) opened at $4.13 on Friday. Intelsat has a 1-year low of $2.52 and a 1-year high of $7.47. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of -3.83.
Intelsat (NYSE:I) last released its earnings results on Thursday, October 26th. The technology company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $538.80 million during the quarter, compared to analyst estimates of $536.93 million. Intelsat had a negative return on equity of 1.90% and a net margin of 26.57%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 earnings per share. equities analysts anticipate that Intelsat will post -1.07 EPS for the current fiscal year.
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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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