Intelsat S.A. (I) Lowered to “Sell” at UBS AG

UBS AG lowered shares of Intelsat S.A. (NYSE:I) from a neutral rating to a sell rating in a research report released on Wednesday. They currently have $3.00 price objective on the technology company’s stock, down from their prior price objective of $3.50.

Several other equities research analysts also recently issued reports on I. Zacks Investment Research upgraded shares of Intelsat from a sell rating to a hold rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Intelsat from a hold rating to a buy rating in a research note on Tuesday, August 1st. ValuEngine upgraded shares of Intelsat from a sell rating to a hold rating in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Intelsat in a research note on Thursday, August 10th. They issued a neutral rating and a $3.50 target price for the company. Finally, Jefferies Group LLC upgraded shares of Intelsat from a hold rating to a buy rating and raised their target price for the company from $2.50 to $5.00 in a research note on Friday, September 8th. 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 issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $4.54.

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 Thomson Reuters’ 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 the consensus estimate of $536.93 million. During the same period last year, the business posted $1.65 EPS. Intelsat’s revenue was down .7% on a year-over-year basis.

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Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in Intelsat during the first quarter worth approximately $131,000. Engineers Gate Manager LP acquired a new stake in Intelsat during the second quarter worth approximately $100,000. Gotham Asset Management LLC lifted its position in Intelsat by 17.2% during the first quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after acquiring an additional 5,124 shares during the last quarter. Alliancebernstein L.P. lifted its position in Intelsat by 26.8% during the first quarter. Alliancebernstein L.P. now owns 36,900 shares of the technology company’s stock worth $153,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Intelsat by 15.3% during the second 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 last quarter. Hedge funds and other institutional investors own 37.89% of the company’s stock.

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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