Intelsat S.A. (NYSE:I) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday.

Several other research firms also recently weighed in on I. Goldman Sachs Group, Inc. (The) started coverage on Intelsat in a research note on Thursday, August 10th. They set a “neutral” rating and a $3.50 price target on the stock. Zacks Investment Research cut Intelsat from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded Intelsat from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC raised Intelsat from a “hold” rating to a “buy” rating and lifted their target price for the stock from $2.50 to $5.00 in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Intelsat currently has a consensus rating of “Hold” and a consensus target price of $4.30.

Shares of Intelsat (NYSE I) traded up 2.98% during mid-day trading on Monday, reaching $4.84. 293,507 shares of the company’s stock were exchanged. Intelsat has a one year low of $2.38 and a one year high of $5.87. The company’s 50-day moving average price is $4.24 and its 200-day moving average price is $3.62. The company has a market capitalization of $575.96 million, a PE ratio of 0.72 and a beta of 2.11.

Intelsat (NYSE:I) last released its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.13. The firm had revenue of $533.20 million for the quarter, compared to the consensus estimate of $534.16 million. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities analysts expect that Intelsat will post ($0.78) earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in Intelsat by 1.1% in the second quarter. California State Teachers Retirement System now owns 64,317 shares of the technology company’s stock valued at $197,000 after purchasing an additional 700 shares during the last quarter. Alta Fundamental Advisers LLC acquired a new stake in Intelsat during the 2nd quarter worth about $301,000. PointState Capital LP grew its position in Intelsat by 0.9% during the 2nd quarter. PointState Capital LP now owns 3,782,000 shares of the technology company’s stock worth $11,573,000 after purchasing an additional 32,000 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Intelsat during the 2nd quarter valued at about $436,000. Finally, Northern Trust Corp raised its stake in shares of Intelsat by 16.2% during the 2nd quarter. Northern Trust Corp now owns 532,549 shares of the technology company’s stock valued at $1,629,000 after buying an additional 74,426 shares during the last quarter. 37.95% of the stock is currently owned by institutional investors.

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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