Zacks Investment Research Lowers Intelsat (I) to Sell
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 equities analysts also recently issued reports on I. Evercore ISI began coverage on shares of Intelsat in a research note on Monday, February 25th. They set an “outperform” rating and a $50.00 price objective on the stock. Barclays reiterated a “hold” rating and set a $23.00 price objective on shares of Intelsat in a research note on Friday, February 1st. TheStreet downgraded shares of Intelsat from a “c-” rating to a “d” rating in a research note on Wednesday, February 6th. Raymond James upgraded shares of Intelsat from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 6th. They noted that the move was a valuation call. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $24.00 price objective (down from $28.00) on shares of Intelsat in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.00.
Intelsat (NYSE:I) last issued its earnings results on Wednesday, February 20th. The technology company reported ($0.81) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.67). The business had revenue of $542.70 million for the quarter, compared to analyst estimates of $539.00 million. Intelsat’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.75) EPS. On average, sell-side analysts anticipate that Intelsat will post -1.3 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Hartwell J M Limited Partnership lifted its position in Intelsat by 7.2% during the first quarter. Hartwell J M Limited Partnership now owns 492,200 shares of the technology company’s stock valued at $7,708,000 after acquiring an additional 32,850 shares during the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in shares of Intelsat by 20.8% in the first quarter. Ipswich Investment Management Co. Inc. now owns 20,160 shares of the technology company’s stock worth $316,000 after buying an additional 3,475 shares during the last quarter. Selz Capital LLC raised its holdings in shares of Intelsat by 4.4% in the first quarter. Selz Capital LLC now owns 23,486 shares of the technology company’s stock worth $367,000 after buying an additional 1,000 shares during the last quarter. Dorsey Wright & Associates raised its holdings in shares of Intelsat by 1.5% in the first quarter. Dorsey Wright & Associates now owns 368,620 shares of the technology company’s stock worth $5,773,000 after buying an additional 5,365 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Intelsat in the fourth quarter worth $299,000. 59.70% of the stock is owned by institutional investors.
Intelsat Company Profile
Intelsat SA, together with its subsidiaries, provides satellite communications services worldwide. The company offers a range of 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; and commercial satellite communication services to the U.S.
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