Intelsat S.A. (NYSE:I) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

A number of other research firms also recently issued reports on I. BidaskClub upgraded shares of Intelsat from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. 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) assumed coverage on shares of Intelsat in a report on Thursday, August 10th. They issued a “neutral” rating and a $3.50 target price for the company. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $4.13.

Shares of Intelsat (NYSE I) opened at 3.83 on Tuesday. Intelsat has a 52 week low of $2.38 and a 52 week high of $5.87. The firm has a 50-day moving average of $3.44 and a 200 day moving average of $3.58. The company has a market cap of $455.77 million, a P/E ratio of 0.57 and a beta of 2.11.

Intelsat (NYSE:I) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.13. The business had revenue of $533.20 million during the quarter, compared to analyst estimates of $534.16 million. Intelsat had a net margin of 36.95% and a negative return on equity of 1.90%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. Equities analysts expect that Intelsat will post ($0.60) EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of I. Engineers Gate Manager LP acquired a new stake in shares of Intelsat during the second quarter worth $100,000. Rhumbline Advisers boosted its stake in 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 during the period. Citadel Advisors LLC purchased a new stake in Intelsat during the first quarter worth $131,000. Alliancebernstein L.P. boosted its stake in Intelsat by 16.0% in the second quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock worth $131,000 after buying an additional 5,900 shares during the period. Finally, Gotham Asset Management LLC boosted its stake in 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 during the period. 37.95% of the stock is currently owned by hedge funds and other 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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