Intelsat S.A. (I) Shares Down 6.7%

Shares of Intelsat S.A. (NYSE:I) fell 6.7% during mid-day trading on Monday . The company traded as low as $6.04 and last traded at $6.10. 990,462 shares traded hands during trading, an increase of 92% from the average session volume of 514,857 shares. The stock had previously closed at $6.54.

Several equities analysts recently commented on the company. Royal Bank Of Canada reduced their target price on Intelsat from $6.25 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, October 5th. Jefferies Group LLC restated a “buy” rating and set a $5.00 target price on shares of Intelsat in a research report on Wednesday, October 4th. ValuEngine cut Intelsat from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub upgraded Intelsat from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research cut Intelsat from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.25.

The company has a 50-day moving average of $4.63 and a 200-day moving average of $3.70. The firm has a market capitalization of $755.65 million, a price-to-earnings ratio of 0.94 and a beta of 2.12.

Intelsat (NYSE:I) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.13. The business 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%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. On average, equities analysts predict that Intelsat S.A. will post ($0.79) EPS for the current year.

A number of large investors have recently bought and sold shares of I. Gotham Asset Management LLC increased its holdings in shares of Intelsat by 17.2% in the first quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after purchasing an additional 5,124 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Intelsat in the first quarter worth about $131,000. Vanguard Group Inc. increased its holdings 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 purchasing an additional 222,457 shares during the last quarter. Morgan Stanley increased its holdings in shares of Intelsat by 21.6% in the first quarter. Morgan Stanley now owns 264,441 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 46,998 shares during the last quarter. Finally, Alta Fundamental Advisers LLC bought a new stake in shares of Intelsat in the second quarter worth about $301,000. 37.95% of the stock is currently owned by institutional investors and hedge funds.

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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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