Intelsat S.A. (NYSE:I) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.
I has been the subject of a number of other research reports. Zacks Investment Research cut shares of Intelsat from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) began coverage on shares of Intelsat in a research report on Thursday, August 10th. They set a “neutral” rating and a $3.50 target price for the company. Finally, ValuEngine raised shares of Intelsat from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $4.13.
Shares of Intelsat (I) opened at 3.90 on Thursday. The company has a market cap of $464.10 million, a P/E ratio of 0.58 and a beta of 2.11. The company’s 50 day moving average is $3.33 and its 200 day moving average is $3.57. Intelsat has a 12 month low of $2.38 and a 12 month high of $5.87.
Intelsat (NYSE:I) last posted its 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. Intelsat had a net margin of 36.95% and a negative return on equity of 1.90%. The company had revenue of $533.20 million during the quarter, compared to analysts’ expectations of $534.16 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. Intelsat’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Intelsat will post ($0.72) EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of I. Spark Investment Management LLC bought a new position in Intelsat during the second quarter worth about $1,451,000. Vanguard Group Inc. boosted its position in 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 buying an additional 222,457 shares in the last quarter. Brookfield Asset Management Inc. bought a new position in Intelsat during the first quarter worth about $917,000. Renaissance Technologies LLC boosted its position in Intelsat by 85.7% in the first quarter. Renaissance Technologies LLC now owns 355,800 shares of the technology company’s stock worth $1,477,000 after buying an additional 164,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Intelsat during the second quarter worth about $436,000. 38.86% of the stock is owned by institutional investors and hedge funds.
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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