Research Analysts’ Weekly Ratings Updates for Intelsat (I)

Several analysts have recently updated their ratings and price targets for Intelsat (NYSE: I):

  • 11/27/2019 – Intelsat was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating.
  • 11/27/2019 – Intelsat was downgraded by analysts at Evercore ISI from an “outperform” rating to an “in-line” rating.
  • 11/25/2019 – Intelsat was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 11/20/2019 – Intelsat was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $12.00 price target on the stock.
  • 11/19/2019 – Intelsat was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 11/18/2019 – Intelsat had its price target lowered by analysts at JPMorgan Chase & Co. from $22.00 to $9.00. They now have a “neutral” rating on the stock.
  • 11/18/2019 – Intelsat was downgraded by analysts at Evercore ISI from an “outperform” rating to a “hold” rating. They now have a $11.00 price target on the stock, down previously from $38.00.
  • 11/12/2019 – Intelsat was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $22.00 price target on the stock, down previously from $34.00.

Shares of I stock opened at $6.05 on Friday. The firm has a market cap of $839.16 million, a P/E ratio of -2.60 and a beta of 1.23. Intelsat SA has a 1-year low of $5.55 and a 1-year high of $27.29. The firm has a fifty day moving average of $17.45 and a two-hundred day moving average of $20.01.

Intelsat (NYSE:I) last issued its earnings results on Tuesday, October 29th. The technology company reported ($2.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.88) by ($1.86). The firm had revenue of $506.70 million for the quarter, compared to analyst estimates of $502.15 million. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) EPS. Equities research analysts predict that Intelsat SA will post -4.13 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Key Square Capital Management LLC boosted its position in Intelsat by 108.3% during the 2nd quarter. Key Square Capital Management LLC now owns 1,381,040 shares of the technology company’s stock worth $26,861,000 after acquiring an additional 718,187 shares during the period. Canyon Capital Advisors LLC raised its stake in shares of Intelsat by 101.7% during the third quarter. Canyon Capital Advisors LLC now owns 706,000 shares of the technology company’s stock valued at $16,097,000 after purchasing an additional 356,000 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of Intelsat during the third quarter valued at about $7,470,000. Nuveen Asset Management LLC bought a new stake in shares of Intelsat during the second quarter valued at about $4,324,000. Finally, Vanguard Group Inc. lifted its holdings in Intelsat by 3.5% in the second quarter. Vanguard Group Inc. now owns 5,727,480 shares of the technology company’s stock worth $111,399,000 after purchasing an additional 196,023 shares during the period. Hedge funds and other institutional investors own 89.20% of the company’s stock.

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.

Recommended Story: What is an investor looking for in an SEC filing?

Receive News & Ratings for Intelsat SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelsat SA and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit