Intelsat SA (NYSE:I) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
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. “
Separately, Raymond James Financial Inc. lowered shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Six analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The company currently has an average rating of “Sell” and a consensus target price of $3.09.
Shares of Intelsat SA (NYSE:I) opened at 2.49 on Wednesday. The stock’s 50 day moving average price is $2.79 and its 200 day moving average price is $2.90. The stock’s market cap is $293.07 million. Intelsat SA has a 52 week low of $1.44 and a 52 week high of $7.15.
Intelsat SA (NYSE:I) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.64. Intelsat SA had a net margin of 11.50% and a negative return on equity of 7.45%. The firm earned $542 million during the quarter, compared to analyst estimates of $533.51 million. During the same quarter last year, the business posted $0.70 EPS. The company’s revenue was down 9.4% on a year-over-year basis. Equities research analysts anticipate that Intelsat SA will post ($0.28) EPS for the current fiscal year.
Several large investors have recently modified their holdings of I. Macquarie Group Ltd. raised its stake in shares of Intelsat SA by 22.3% in the second quarter. Macquarie Group Ltd. now owns 2,289,930 shares of the company’s stock worth $5,908,000 after buying an additional 417,138 shares during the period. AQR Capital Management LLC raised its stake in shares of Intelsat SA by 72.8% in the second quarter. AQR Capital Management LLC now owns 941,141 shares of the company’s stock worth $2,428,000 after buying an additional 396,648 shares during the period. Allianz Asset Management AG raised its stake in shares of Intelsat SA by 177.8% in the second quarter. Allianz Asset Management AG now owns 624,962 shares of the company’s stock worth $1,612,000 after buying an additional 399,977 shares during the period. Spark Investment Management LLC raised its stake in shares of Intelsat SA by 3.8% in the second quarter. Spark Investment Management LLC now owns 346,700 shares of the company’s stock worth $894,000 after buying an additional 12,800 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Intelsat SA by 19.1% in the second quarter. BlackRock Fund Advisors now owns 763,196 shares of the company’s stock worth $1,969,000 after buying an additional 122,262 shares during the period. 41.98% of the stock is owned by institutional investors.
Intelsat SA Company Profile
Intelsat SA operates in satellite services business. The Company 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.
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