Intelsat SA (NYSE:I) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.50.
A number of research analysts have recently issued reports on I shares. ValuEngine raised Intelsat from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Royal Bank of Canada raised Intelsat from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 20th. Jefferies Financial Group set a $32.00 target price on Intelsat and gave the company a “buy” rating in a report on Monday, August 6th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $6.00 target price on shares of Intelsat in a report on Friday, June 1st. They noted that the move was a valuation call.
I traded down $1.32 during trading on Monday, hitting $22.57. 1,719,500 shares of the stock were exchanged, compared to its average volume of 2,798,358. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -13.97 and a beta of 0.95. Intelsat has a 1-year low of $2.44 and a 1-year high of $25.21. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of -3.79.
Hedge funds have recently made changes to their positions in the stock. PointState Capital LP boosted its position in Intelsat by 3.3% during the first quarter. PointState Capital LP now owns 3,598,000 shares of the technology company’s stock worth $13,528,000 after purchasing an additional 113,300 shares in the last quarter. BlackRock Inc. boosted its position in Intelsat by 11.0% during the second quarter. BlackRock Inc. now owns 1,908,355 shares of the technology company’s stock worth $31,793,000 after purchasing an additional 188,809 shares in the last quarter. Renaissance Technologies LLC boosted its position in Intelsat by 17.2% during the second quarter. Renaissance Technologies LLC now owns 1,640,400 shares of the technology company’s stock worth $27,329,000 after purchasing an additional 240,800 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Intelsat by 19,421.7% during the first quarter. JPMorgan Chase & Co. now owns 1,532,258 shares of the technology company’s stock worth $5,761,000 after purchasing an additional 1,524,409 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in Intelsat during the second quarter worth $13,725,000. 50.43% of the stock is currently owned by hedge funds and other institutional investors.
Intelsat SA, through its subsidiaries, provides satellite communications services worldwide. The company offers a range of 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; and commercial satellite communication services to the U.S.
See Also: Technical Analysis
Receive News & Ratings for Intelsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelsat and related companies with MarketBeat.com's FREE daily email newsletter.