Intelsat SA (NYSE:I) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.50.
Several research firms have recently weighed in on I. Zacks Investment Research raised shares of Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Jefferies Financial Group set a $32.00 price target on shares of Intelsat and gave the stock a “buy” rating in a report on Monday, August 6th. Royal Bank of Canada raised shares of Intelsat from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 20th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $6.00 target price on shares of Intelsat in a research note on Friday, June 1st. They noted that the move was a valuation call.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Intelsat during the second quarter valued at about $102,000. The Manufacturers Life Insurance Company boosted its position in Intelsat by 355.4% during the first quarter. The Manufacturers Life Insurance Company now owns 28,223 shares of the technology company’s stock valued at $106,000 after buying an additional 22,025 shares during the period. SG Americas Securities LLC purchased a new stake in Intelsat during the second quarter valued at about $122,000. Macquarie Group Ltd. purchased a new stake in Intelsat during the second quarter valued at about $148,000. Finally, Paloma Partners Management Co purchased a new stake in Intelsat during the second quarter valued at about $195,000. Institutional investors and hedge funds own 50.43% of the company’s stock.
Shares of Intelsat stock traded down $0.45 during trading on Friday, hitting $22.16. The stock had a trading volume of 1,771,100 shares, compared to its average volume of 2,698,720. The stock has a market cap of $3.17 billion, a P/E ratio of -13.28 and a beta of 1.04. Intelsat has a 12 month low of $2.44 and a 12 month high of $25.21. The company has a debt-to-equity ratio of -3.79, a quick ratio of 1.21 and a current ratio of 1.21.
Intelsat (NYSE:I) last released its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.52) by $0.14. The firm had revenue of $537.70 million during the quarter, compared to the consensus estimate of $528.50 million. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) EPS. sell-side analysts predict that Intelsat will post -1.55 earnings per share for the current year.
Intelsat Company Profile
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.
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