Intelsat SA (NYSE:I) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $30.60.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley set a $100.00 price target on Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. raised Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Wednesday, April 3rd.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Selz Capital LLC increased its position in Intelsat by 4.4% in the 1st quarter. Selz Capital LLC now owns 23,486 shares of the technology company’s stock valued at $367,000 after acquiring an additional 1,000 shares during the period. Hsbc Holdings PLC acquired a new stake in Intelsat in the 4th quarter valued at approximately $8,544,000. California Public Employees Retirement System increased its position in Intelsat by 6.0% in the 4th quarter. California Public Employees Retirement System now owns 199,342 shares of the technology company’s stock valued at $4,264,000 after acquiring an additional 11,237 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Intelsat in the 1st quarter valued at approximately $1,724,000. Finally, Centerbridge Partners L.P. increased its position in Intelsat by 3,504.2% in the 4th quarter. Centerbridge Partners L.P. now owns 857,800 shares of the technology company’s stock valued at $18,349,000 after acquiring an additional 834,000 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.
Shares of NYSE I opened at $19.88 on Thursday. The company has a market cap of $2.74 billion, a P/E ratio of -8.53 and a beta of 1.40. Intelsat has a 12-month low of $14.81 and a 12-month high of $37.70. The business has a 50 day moving average of $19.53.
Intelsat (NYSE:I) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.26). The company had revenue of $528.40 million during the quarter, compared to analyst estimates of $523.74 million. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.56) earnings per share. Equities research analysts expect that Intelsat will post -2.89 earnings per share for the current year.
Intelsat Company Profile
Intelsat SA, together with 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: Systematic Risk
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.