Intelsat S.A. (NYSE:I) has been given a consensus rating of “Hold” by the eight brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.25.
A number of research analysts have recently commented on I shares. BidaskClub raised shares of Intelsat from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Intelsat from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 29th. Jefferies Group upgraded shares of Intelsat from a “hold” rating to a “buy” rating and raised their price objective for the company from $2.50 to $5.00 in a report on Friday, September 8th. ValuEngine lowered shares of Intelsat from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Royal Bank of Canada dropped their price objective on shares of Intelsat from $6.25 to $6.00 and set an “outperform” rating for the company in a report on Thursday, October 5th.
A number of institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in shares of Intelsat during the third quarter worth about $269,000. Dimensional Fund Advisors LP grew its holdings in shares of Intelsat by 162.7% during the third quarter. Dimensional Fund Advisors LP now owns 373,871 shares of the technology company’s stock worth $1,757,000 after purchasing an additional 231,531 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Intelsat by 17.0% during the third quarter. Wells Fargo & Company MN now owns 97,043 shares of the technology company’s stock worth $456,000 after purchasing an additional 14,066 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Intelsat by 95.4% during the third quarter. Citadel Advisors LLC now owns 32,587 shares of the technology company’s stock worth $153,000 after purchasing an additional 15,913 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Intelsat by 1.1% during the second quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock worth $197,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 36.45% of the company’s stock.
Intelsat (NYSE:I) last released its quarterly earnings data 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. Intelsat had a net margin of 26.57% and a negative return on equity of 1.90%. The firm had revenue of $538.80 million for the quarter, compared to the consensus estimate of $536.93 million. During the same period in the previous year, the company earned $1.65 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. equities research analysts forecast that Intelsat will post -1.01 earnings per share for the current 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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