Intelsat SA (NYSE:I) last posted its quarterly earnings data on Wednesday, July 27th.
Several analysts recently weighed in on the company. Goldman Sachs maintained the stock with "Neutral" rating in Thursday, August 10 report. Zacks Investment Research upgraded Intelsat from a "hold" rating to a "strong-buy" rating and set a $3.75 price target on the stock in a research note on Saturday, July 29th. BidaskClub raised Intelsat from a "hold" rating to a "buy" rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Intelsat from a "sell" rating to a "hold" rating in a report on Tuesday, July 18th. Finally, Jefferies Group LLC upgraded Intelsat from a "hold" rating to a "buy" rating and increased their target price for the company from $2.50 to $5.00 in a research note on Friday, September 8th. (NYSE:I), 2 have Buy rating, 1 Sell and 3 Hold.
Intelsat S A (NYSE:I) had a decrease of 15.08% in short interest. 1,235,303 shares of the stock were exchanged. The company has market cap of $701.11 million. The stock's 50 day moving average is $5.39 and its 200 day moving average is $3.89. Intelsat SA has a 52 week low of $1.44 and a 52 week high of $7.30. Intelsat SA (NYSE:I) has risen 0.32% since October 25, 2016 and is uptrending. The technology company reported ($0.20) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.13.
Intelsat said revenues for the third quarter slipped to Dollars 538.8 million from 542.7 million the year before, with the net result going to a loss of USD 30.4 million from a gain the year before of 195.6 million.
Intelsat's CEO Steve Spengler said that a number of trends were reflected during the quarter, not least that there was a slower than expected revenue ramp for Intelsat's Epic fleet, "specifically with wireless and enterprise customers, with new contract signings below initial expectations". During the same period in the prior year, the company posted $1.65 EPS. On average, equities research analysts forecast that Intelsat will post ($0.79) earnings per share for the current fiscal year.
Among 6 analysts covering Intelsat S.A. "(I) Downgraded by Royal Bank Of Canada to Sector Perform" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another publication, it was copied illegally and republished in violation of global copyright law.
Several large investors have recently bought and sold shares of I. Nationwide Fund Advisors grew its holdings in shares of Intelsat by 120.7% during the first quarter. Gotham Asset Management LLC raised its holdings in Intelsat by 17.2% during the first quarter. SILVER LAKE GROUP, L.L.C.is the second biggest holder with 14 million shares now valued at 37.84 million whilst Silver Lake Financial Management Co. Finally, TIAA CREF Investment Management LLC bought a new position in shares of Intelsat during the first quarter valued at approximately $421,000. Alliancebernstein L.P. lifted its holdings in shares of Intelsat by 16.0% during the 2nd quarter. Rhumbline Advisers now owns 39,692 shares of the technology company's stock worth $121,000 after acquiring an additional 5,265 shares during the period. Alliancebernstein L.P. now owns 36,900 shares of the technology company's stock valued at $153,000 after purchasing an additional 7,800 shares during the last quarter.
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The stock is now moving above its 20-Day Simple Moving Average of 2.4% with a 50-Day Simple Moving Average of 6.16 percent. If you are reading this news story on another website, it was stolen and reposted in violation of global copyright laws.
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