Intelsat SA (NYSE:I) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,462,631 shares, a growth of 58.7% from the January 12th total of 1,551,546 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily volume of 420,627 shares, the days-to-cover ratio is currently 5.9 days.
Shares of Intelsat (NYSE:I) opened at $2.99 on Wednesday. The firm has a market capitalization of $352.92, a price-to-earnings ratio of 0.58 and a beta of 1.73. 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 has a 1 year low of $2.44 and a 1 year high of $7.47.
Several analysts recently issued reports on I shares. Zacks Investment Research upgraded Intelsat from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research note on Wednesday, January 3rd. ValuEngine upgraded Intelsat from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reiterated a “hold” rating on shares of Intelsat in a research report on Tuesday, February 6th. Royal Bank of Canada downgraded Intelsat from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 26th. Finally, UBS Group downgraded Intelsat from a “neutral” rating to a “sell” rating and cut their target price for the company from $3.50 to $3.00 in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.25.
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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