Intelsat SA (NYSE:I) – Equities research analysts at Jefferies Financial Group issued their FY2019 earnings estimates for shares of Intelsat in a research note issued on Wednesday, January 23rd. Jefferies Financial Group analyst G. Thorne forecasts that the technology company will post earnings of ($0.43) per share for the year. Jefferies Financial Group has a “Buy” rating on the stock.

I has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Intelsat from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. Morgan Stanley raised shares of Intelsat from an “underweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock in a research report on Monday, November 12th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $31.00 target price on shares of Intelsat in a research report on Monday, October 22nd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $23.80.

Shares of Intelsat stock opened at $21.11 on Thursday. Intelsat has a 52-week low of $2.44 and a 52-week high of $37.70. The company has a market capitalization of $2.93 billion, a PE ratio of -12.35 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 analysts’ consensus estimates of ($0.32) by ($1.63). The firm had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $531.97 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The firm’s revenue was down .4% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in I. Bank of New York Mellon Corp grew its position in Intelsat by 37.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 129,656 shares of the technology company’s stock worth $2,160,000 after purchasing an additional 35,413 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Intelsat during the 2nd quarter worth approximately $122,000. Schwab Charles Investment Management Inc. grew its position in Intelsat by 130.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 147,323 shares of the technology company’s stock worth $2,455,000 after purchasing an additional 83,523 shares during the last quarter. BlackRock Inc. grew its position in Intelsat by 11.0% during the 2nd quarter. BlackRock Inc. now owns 1,908,355 shares of the technology company’s stock worth $31,793,000 after purchasing an additional 188,809 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Intelsat by 545.1% during the 2nd quarter. Legal & General Group Plc now owns 45,960 shares of the technology company’s stock worth $765,000 after purchasing an additional 38,836 shares during the last quarter. 48.63% of the stock is currently owned by institutional investors.

About Intelsat

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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