Intelsat (NYSE:I) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Intelsat Investments S.A. provides satellite communications services. The company offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, internet service providers, military and government sectors. Intelsat Investments S.A. is based in Luxembourg. “

I has been the topic of several other research reports. TheStreet cut shares of Intelsat from a “c-” rating to a “d” rating in a research report on Wednesday, February 6th. Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price objective (down previously from $28.00) on shares of Intelsat in a research report on Monday, March 18th. Barclays reissued a “hold” rating and issued a $23.00 price objective on shares of Intelsat in a research note on Friday, February 1st. Raymond James upgraded shares of Intelsat from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 6th. They noted that the move was a valuation call. Finally, Evercore ISI started coverage on shares of Intelsat in a report on Monday, February 25th. They issued an “outperform” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.00.

Intelsat stock opened at $17.55 on Wednesday. Intelsat has a 1 year low of $5.35 and a 1 year high of $37.70. The company has a market cap of $2.42 billion, a PE ratio of -7.53 and a beta of 1.29.

Intelsat (NYSE:I) last issued its earnings results on Wednesday, February 20th. The technology company reported ($0.81) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.67). The company had revenue of $542.70 million for the quarter, compared to analysts’ expectations of $539.00 million. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted ($0.75) EPS. On average, sell-side analysts expect that Intelsat will post -1.3 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of I. Morgan Stanley lifted its stake in shares of Intelsat by 234.6% during the 3rd quarter. Morgan Stanley now owns 1,087,211 shares of the technology company’s stock worth $32,616,000 after acquiring an additional 762,234 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Intelsat during the 4th quarter valued at $8,544,000. Dimensional Fund Advisors LP grew its position in Intelsat by 21.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 681,629 shares of the technology company’s stock valued at $20,449,000 after acquiring an additional 119,855 shares during the last quarter. We Are One Seven LLC bought a new position in Intelsat in the 4th quarter valued at $49,000. Finally, Vanguard Group Inc grew its position in Intelsat by 48.8% in the 3rd quarter. Vanguard Group Inc now owns 4,899,003 shares of the technology company’s stock valued at $146,970,000 after acquiring an additional 1,607,665 shares during the last quarter. 59.69% of the stock is owned by institutional investors.

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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