Zacks Investment Research upgraded shares of Intelsat (NYSE:I) from a hold rating to a buy rating in a report issued on Wednesday. They currently have $3.75 price target on the technology company’s stock.

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. “

Several other equities analysts have also weighed in on the company. UBS Group lowered Intelsat from a neutral rating to a sell rating and reduced their price objective for the company from $3.50 to $3.00 in a research note on Wednesday, November 1st. Jefferies Group reaffirmed a buy rating and issued a $5.00 price objective on shares of Intelsat in a research note on Wednesday, October 4th. Royal Bank of Canada lowered Intelsat from an outperform rating to a sector perform rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered Intelsat from a hold rating to a sell rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $4.04.

Shares of Intelsat (NYSE:I) opened at $3.46 on Wednesday. The company has a debt-to-equity ratio of -3.83, a current ratio of 1.11 and a quick ratio of 1.11. Intelsat has a fifty-two week low of $2.63 and a fifty-two week high of $7.47.

Intelsat (NYSE:I) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.04. The business had revenue of $538.80 million during the quarter, compared to analysts’ expectations of $536.93 million. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 EPS. equities research analysts anticipate that Intelsat will post -1.01 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new position in Intelsat during the 2nd quarter worth approximately $100,000. Rhumbline Advisers lifted its position in Intelsat by 15.3% during the 2nd quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock worth $121,000 after acquiring an additional 5,265 shares in the last quarter. Alliancebernstein L.P. lifted its position in Intelsat by 16.0% during the 2nd quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock worth $131,000 after acquiring an additional 5,900 shares in the last quarter. Citadel Advisors LLC lifted its position in Intelsat by 95.4% during the 3rd quarter. Citadel Advisors LLC now owns 32,587 shares of the technology company’s stock worth $153,000 after acquiring an additional 15,913 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in Intelsat by 45.3% during the 2nd quarter. Teachers Advisors LLC now owns 61,553 shares of the technology company’s stock worth $188,000 after acquiring an additional 19,189 shares in the last quarter. 36.43% of the stock is currently owned by institutional investors and hedge funds.

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About Intelsat

Intelsat SA operates in satellite services business. The Company provides satellite services to its communications customers around the world. It provides 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 (ISPs).

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