Zacks Investment Research lowered shares of Intelsat (NYSE:I) from a hold rating to a sell rating in a report issued on Wednesday morning.

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 subject of a number of other research reports. Raymond James raised shares of Intelsat from an underperform rating to a market perform rating in a research report on Wednesday, March 6th. They noted that the move was a valuation call. Barclays reissued a hold rating and issued a $23.00 price objective on shares of Intelsat in a research report on Friday, February 1st. TheStreet lowered shares of Intelsat from a c- rating to a d rating in a research report on Wednesday, February 6th. Morgan Stanley reissued an equal weight rating and issued a $24.00 price objective (down previously from $28.00) on shares of Intelsat in a research report on Monday, March 18th. Finally, Evercore ISI started coverage on shares of Intelsat in a research report on Monday, February 25th. They issued an outperform rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Intelsat presently has a consensus rating of Hold and a consensus target price of $30.50.

Shares of NYSE I opened at $15.61 on Wednesday. Intelsat has a 12-month low of $3.55 and a 12-month high of $37.70. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -6.70 and a beta of 1.35.

Intelsat (NYSE:I) last announced its quarterly earnings results on Wednesday, February 20th. The technology company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.67). The business had revenue of $542.70 million for the quarter, compared to the consensus estimate of $539.00 million. During the same quarter in the previous year, the business earned ($0.75) earnings per share. Intelsat’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities research analysts expect that Intelsat will post -1.3 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in I. Rhumbline Advisers increased its position in shares of Intelsat by 12.7% in the third quarter. Rhumbline Advisers now owns 44,492 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 5,016 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Intelsat by 50.2% in the third quarter. Bank of New York Mellon Corp now owns 194,730 shares of the technology company’s stock valued at $5,842,000 after purchasing an additional 65,074 shares during the period. American International Group Inc. boosted its stake in shares of Intelsat by 16.4% in the third quarter. American International Group Inc. now owns 30,276 shares of the technology company’s stock valued at $908,000 after purchasing an additional 4,273 shares during the period. CIBC World Markets Inc. boosted its stake in shares of Intelsat by 66.4% in the third quarter. CIBC World Markets Inc. now owns 19,800 shares of the technology company’s stock valued at $594,000 after purchasing an additional 7,900 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of Intelsat in the third quarter valued at $1,016,000. 59.69% of the stock is owned by institutional investors.

About Intelsat

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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