Brokerages Set Intelsat SA (NYSE:I) PT at $17.00

Shares of Intelsat SA (NYSE:I) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $11.23.

Several research firms have issued reports on I. Cowen lowered their price target on shares of Intelsat from $22.00 to $10.00 and set an “outperform” rating for the company in a report on Monday. Raymond James raised shares of Intelsat from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 27th. Barclays reduced their price objective on shares of Intelsat from $20.00 to $3.90 and set an “equal weight” rating for the company in a research report on Thursday. Evercore ISI downgraded shares of Intelsat from an “outperform” rating to an “in-line” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Intelsat from $22.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 18th.

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Intelsat during the 4th quarter worth approximately $70,000. Girard Partners LTD. acquired a new stake in Intelsat in the 4th quarter valued at $73,000. Signition LP acquired a new stake in Intelsat in the 4th quarter valued at $107,000. SG Americas Securities LLC acquired a new stake in Intelsat in the 3rd quarter valued at $109,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Intelsat in the 3rd quarter valued at $228,000. 89.28% of the stock is owned by institutional investors.

Intelsat stock traded up $0.13 during mid-day trading on Monday, hitting $3.54. 12,711,986 shares of the stock were exchanged, compared to its average volume of 8,983,878. Intelsat has a 12 month low of $2.72 and a 12 month high of $27.29. The firm’s fifty day simple moving average is $6.49 and its two-hundred day simple moving average is $16.04. The stock has a market capitalization of $470.65 million, a price-to-earnings ratio of -0.55 and a beta of 1.23.

Intelsat Company Profile

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.

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Analyst Recommendations for Intelsat (NYSE:I)

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