Analysts Set Intelsat SA (I) PT at $21.33

Intelsat SA (NYSE:I) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $21.33.

Several brokerages have weighed in on I. Zacks Investment Research lowered Intelsat from a “hold” rating to a “sell” rating in a report on Wednesday, November 14th. Goldman Sachs Group reissued a “neutral” rating and set a $31.00 price objective on shares of Intelsat in a report on Monday, October 22nd. Morgan Stanley raised Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 price objective for the company in a report on Monday, November 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Intelsat in a report on Tuesday, October 9th.

Shares of I opened at $24.87 on Wednesday. The company has a market cap of $3.67 billion, a P/E ratio of -14.63 and a beta of 1.31. Intelsat has a 12 month low of $2.44 and a 12 month high of $37.70.

Intelsat (NYSE:I) last announced its quarterly earnings data on Tuesday, October 30th. The technology company reported ($1.95) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($1.63). The business had revenue of $537.00 million during the quarter, compared to analyst estimates of $531.97 million. During the same period last year, the business posted ($0.26) earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Intelsat will post -2.92 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Intelsat during the second quarter valued at $102,000. Girard Partners LTD. bought a new stake in Intelsat during the third quarter valued at $120,000. SG Americas Securities LLC bought a new stake in Intelsat during the second quarter valued at $122,000. Macquarie Group Ltd. bought a new stake in Intelsat during the second quarter valued at $148,000. Finally, Cerebellum GP LLC bought a new stake in Intelsat during the third quarter valued at $190,000. 51.63% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Intelsat (NYSE:I)

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