Traders Buy Shares of Intelsat (I) on Weakness

Investors purchased shares of Intelsat SA (NYSE:I) on weakness during trading on Thursday. $24.68 million flowed into the stock on the tick-up and $9.64 million flowed out of the stock on the tick-down, for a money net flow of $15.04 million into the stock. Of all equities tracked, Intelsat had the 14th highest net in-flow for the day. Intelsat traded down ($0.84) for the day and closed at $22.38

Several analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intelsat in a research note on Tuesday, October 9th. Morgan Stanley raised Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock in a research note on Monday, November 12th. Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Intelsat in a research note on Monday, October 22nd. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Intelsat presently has a consensus rating of “Buy” and a consensus target price of $23.80.

The stock has a market capitalization of $3.23 billion, a PE ratio of -13.16 and a beta of 1.39.

Intelsat (NYSE:I) last issued its quarterly earnings data on Tuesday, October 30th. The technology company reported ($1.95) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($1.63). The firm had revenue of $537.00 million during the quarter, compared to the consensus estimate of $531.97 million. During the same period last year, the business earned ($0.26) EPS. Intelsat’s revenue was down .4% compared to the same quarter last year. On average, equities research analysts predict that Intelsat SA will post -3.71 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of I. Nisa Investment Advisors LLC raised its position in Intelsat by 1,291.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,340 shares of the technology company’s stock valued at $71,000 after purchasing an additional 3,100 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new position in shares of Intelsat in the 4th quarter worth approximately $357,000. TIAA CREF Investment Management LLC raised its position in shares of Intelsat by 1.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 84,929 shares of the technology company’s stock worth $2,548,000 after acquiring an additional 942 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Intelsat in the 3rd quarter worth approximately $28,000. Finally, Vanguard Group Inc raised its position in shares of Intelsat by 48.8% in the 3rd quarter. Vanguard Group Inc now owns 4,899,003 shares of the technology company’s stock worth $146,970,000 after acquiring an additional 1,607,665 shares in the last quarter. Institutional investors own 48.62% of the company’s stock.

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Intelsat Company Profile (NYSE:I)

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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

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