Intelsat S.A. (NYSE:I) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.13.

Several research analysts recently commented on I shares. BidaskClub upgraded shares of Intelsat from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Intelsat in a report on Thursday. They set a “neutral” rating and a $3.50 target price for the company.

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Hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new stake in shares of Intelsat during the second quarter worth approximately $100,000. Rhumbline Advisers boosted its stake in shares of Intelsat by 15.3% in the second quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock worth $121,000 after buying an additional 5,265 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Intelsat during the first quarter worth approximately $131,000. Gotham Asset Management LLC boosted its stake in shares of Intelsat by 17.2% in the first quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock worth $145,000 after buying an additional 5,124 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Intelsat by 26.8% in the first quarter. Alliancebernstein L.P. now owns 36,900 shares of the technology company’s stock worth $153,000 after buying an additional 7,800 shares in the last quarter. Hedge funds and other institutional investors own 38.93% of the company’s stock.

Intelsat (NYSE I) traded down 0.86% on Thursday, hitting $3.44. 35,795 shares of the stock were exchanged. Intelsat has a one year low of $2.38 and a one year high of $5.87. The company has a 50 day moving average of $3.20 and a 200 day moving average of $3.54. The stock has a market capitalization of $409.36 million, a P/E ratio of 0.51 and a beta of 2.11.

Intelsat (NYSE:I) last announced its earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.13. Intelsat had a net margin of 36.95% and a negative return on equity of 1.90%. The business had revenue of $533.20 million during the quarter, compared to analysts’ expectations of $534.16 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that Intelsat will post ($0.74) earnings per share for the current fiscal year.

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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