Intelsat (I) Cut to Hold at Zacks Investment Research

Intelsat (NYSE:I) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Intelsat Investments S.A. provides satellite communications services. The company offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, internet service providers, military and government sectors. Intelsat Investments S.A. is based in Luxembourg. “

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Intelsat from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Royal Bank of Canada downgraded Intelsat from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 26th. Jefferies Group reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Intelsat in a research note on Wednesday, October 4th. Finally, UBS Group downgraded Intelsat from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $3.50 to $3.00 in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.04.

Intelsat (NYSE I) opened at $3.08 on Thursday. Intelsat has a 1-year low of $2.63 and a 1-year high of $7.47. The company has a debt-to-equity ratio of -3.83, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $373.66, a PE ratio of 0.64 and a beta of 1.99.

Intelsat (NYSE:I) last posted its earnings results on Thursday, October 26th. The technology company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The firm had revenue of $538.80 million during the quarter, compared to the consensus estimate of $536.93 million. During the same period in the prior year, the company posted $1.65 EPS. The firm’s revenue was down .7% compared to the same quarter last year. equities research analysts forecast that Intelsat will post -1 EPS for the current year.

Several large investors have recently added to or reduced their stakes in I. Engineers Gate Manager LP purchased a new stake in shares of Intelsat during the second quarter worth about $100,000. Barclays PLC grew its position in shares of Intelsat by 34.4% during the first quarter. Barclays PLC now owns 54,259 shares of the technology company’s stock worth $108,000 after purchasing an additional 13,879 shares in the last quarter. Rhumbline Advisers grew its position in shares of Intelsat by 15.3% during the second quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock worth $121,000 after purchasing an additional 5,265 shares in the last quarter. Citadel Advisors LLC purchased a new position in Intelsat during the 1st quarter valued at approximately $131,000. Finally, Alliancebernstein L.P. grew its holdings 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 buying an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 36.43% of the company’s stock.

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About Intelsat

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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