Shares of Intelsat SA (NYSE:I) have been assigned a consensus recommendation of “Sell” from the seven brokerages that are currently covering the stock. Five research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1.57.
Several research analysts have recently commented on I shares. Zacks Investment Research raised shares of Intelsat SA from a “hold” rating to a “strong-buy” rating and set a $2.75 price objective for the company in a research note on Thursday, July 28th. Raymond James Financial Inc. lowered shares of Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its position in shares of Intelsat SA by 2.7% in the second quarter. California State Teachers Retirement System now owns 61,117 shares of the company’s stock worth $158,000 after buying an additional 1,611 shares in the last quarter. Phoenix Investment Adviser LLC purchased a new position in shares of Intelsat SA during the second quarter worth about $166,000. Emerald Acquisition Ltd. purchased a new position in shares of Intelsat SA during the second quarter worth about $200,000. BlackRock Investment Management LLC increased its position in shares of Intelsat SA by 14.6% in the second quarter. BlackRock Investment Management LLC now owns 123,885 shares of the company’s stock worth $320,000 after buying an additional 15,778 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Intelsat SA during the first quarter worth about $384,000. Institutional investors own 41.98% of the company’s stock.
Intelsat SA (NYSE:I) opened at 2.90 on Thursday. The firm’s 50-day moving average is $2.81 and its 200-day moving average is $2.90. Intelsat SA has a 52 week low of $1.44 and a 52 week high of $7.30. The firm’s market cap is $341.33 million.
Intelsat SA (NYSE:I) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.64. Intelsat SA had a net margin of 11.50% and a negative return on equity of 7.45%. The business earned $542 million during the quarter, compared to analyst estimates of $533.51 million. During the same quarter last year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Intelsat SA will post ($0.28) earnings per share for the current year.