Intelsat S.A. (NYSE:I) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.08 and last traded at $6.10, with a volume of 3,823,208 shares. The stock had previously closed at $5.37.

Several equities research analysts recently weighed in on I shares. ValuEngine lowered Intelsat from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research downgraded shares of Intelsat from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. BidaskClub raised shares of Intelsat from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Jefferies Group LLC upgraded shares of Intelsat from a “hold” rating to a “buy” rating and increased their target price for the stock from $2.50 to $5.00 in a research report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Intelsat in a research report on Thursday, August 10th. They set a “neutral” rating and a $3.50 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $4.30.

The stock has a 50 day moving average of $4.29 and a 200-day moving average of $3.63. The company has a market cap of $749.70 million, a PE ratio of 0.93 and a beta of 2.12.

Intelsat (NYSE:I) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.13. The company had revenue of $533.20 million for the quarter, compared to the consensus estimate of $534.16 million. Intelsat had a net margin of 36.95% and a negative return on equity of 1.90%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Analysts forecast that Intelsat S.A. will post ($0.78) EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Gotham Asset Management LLC grew its position in shares of Intelsat by 17.2% during the 1st quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock valued at $145,000 after acquiring an additional 5,124 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Intelsat in the 1st quarter worth $131,000. Vanguard Group Inc. increased its stake in shares of Intelsat by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 1,614,972 shares of the technology company’s stock worth $6,702,000 after purchasing an additional 222,457 shares in the last quarter. Morgan Stanley increased its stake in shares of Intelsat by 21.6% in the 1st quarter. Morgan Stanley now owns 264,441 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 46,998 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Intelsat by 11.0% in the 1st quarter. Geode Capital Management LLC now owns 288,600 shares of the technology company’s stock worth $1,197,000 after purchasing an additional 28,572 shares in the last quarter. Institutional investors and hedge funds own 37.95% of the company’s stock.

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Intelsat Company Profile

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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