Intelsat S.A. (I) Shares Up 6.1%

Intelsat S.A. (NYSE:I)’s share price shot up 6.1% during mid-day trading on Thursday . The company traded as high as $4.32 and last traded at $4.20. 612,901 shares traded hands during trading, an increase of 13% from the average session volume of 540,973 shares. The stock had previously closed at $3.96.

Several equities research analysts have weighed in on I shares. UBS AG downgraded shares of Intelsat from a “neutral” rating to a “sell” rating and lowered their target price for the company from $3.50 to $3.00 in a research note on Wednesday, November 1st. Royal Bank Of Canada downgraded shares of Intelsat from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating and set a $6.75 price objective for the company in a research note on Wednesday, October 25th. Jefferies Group LLC reiterated a “buy” rating and set a $5.00 price objective on shares of Intelsat in a research note on Wednesday, October 4th. Finally, ValuEngine downgraded shares of Intelsat from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.54.

The company has a debt-to-equity ratio of -3.83, a quick ratio of 1.11 and a current ratio of 1.11.

Intelsat (NYSE:I) last issued its earnings results on Thursday, October 26th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.04. Intelsat had a net margin of 26.57% and a negative return on equity of 1.90%. The business had revenue of $538.80 million during the quarter, compared to analysts’ expectations of $536.93 million. During the same quarter in the prior year, the business posted $1.65 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. equities analysts anticipate that Intelsat S.A. will post -1.07 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Intelsat by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 105,096 shares of the technology company’s stock valued at $437,000 after acquiring an additional 5,338 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Intelsat by 26.8% in the first quarter. Alliancebernstein L.P. now owns 36,900 shares of the technology company’s stock worth $153,000 after buying an additional 7,800 shares during the last quarter. TIAA CREF Investment Management LLC bought a new stake in shares of Intelsat in the first quarter worth $421,000. California Public Employees Retirement System increased its stake in shares of Intelsat by 11.1% in the first quarter. California Public Employees Retirement System now owns 375,500 shares of the technology company’s stock worth $1,558,000 after buying an additional 37,500 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Intelsat by 16.0% during the first quarter. Vanguard Group Inc. now owns 1,614,972 shares of the technology company’s stock valued at $6,702,000 after purchasing an additional 222,457 shares during the last quarter. Institutional investors and hedge funds own 37.87% of the company’s stock.

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Intelsat Company Profile

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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