Published On: Sun, Sep 11th, 2016

Intelsat SA (I) Cut to “Hold” at Zacks Investment Research

Intelsat SA (NYSE:I) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors 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. “
Several other research analysts also recently commented on I. JPMorgan Chase & Co. restated a “sell” rating on shares of Intelsat SA in a research note on Monday, May 2nd. Raymond James Financial Inc. downgraded Intelsat SA from a “market perform” rating to an “underperform” rating in a research note on Monday, July 18th. Five investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Intelsat SA has an average rating of “Sell” and a consensus target price of $3.09.

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Shares of Intelsat SA (NYSE:I) traded down 7.02% during mid-day trading on Tuesday, reaching $2.65. The company had a trading volume of 340,703 shares. The firm’s market capitalization is $311.90 million. Intelsat SA has a 12-month low of $1.44 and a 12-month high of $9.92. The stock has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.81.
Intelsat SA (NYSE:I) last issued its earnings results on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.34 by $0.64. Intelsat SA had a negative return on equity of 7.45% and a net margin of 11.50%. The business earned $542 million during the quarter, compared to the consensus estimate of $533.51 million. During the same quarter last year, the company earned $0.70 EPS. The firm’s revenue was down 9.4% compared to the same quarter last year. On average, equities analysts forecast that Intelsat SA will post $1.44 earnings per share for the current year.
Several hedge funds have added to or reduced their stakes in I. Strs Ohio boosted its stake in Intelsat SA by 32.0% in the second quarter. Strs Ohio now owns 181,700 shares of the company’s stock valued at $468,000 after buying an additional 44,100 shares during the last quarter. Scopia Capital Management LP purchased a new position in shares of Intelsat SA during the first quarter worth $6,300,000. Solus Alternative Asset Management LP purchased a new position in shares of Intelsat SA during the first quarter worth $5,040,000. Barclays PLC boosted its position in shares of Intelsat SA by 34.4% in the first quarter. Barclays PLC now owns 54,259 shares of the company’s stock worth $108,000 after buying an additional 13,879 shares in the last quarter. Finally, A.R.T. Advisors LLC boosted its position in shares of Intelsat SA by 112.1% in the first quarter. A.R.T. Advisors LLC now owns 75,718 shares of the company’s stock worth $190,000 after buying an additional 40,017 shares in the last quarter. 42.10% of the stock is currently owned by hedge funds and other institutional investors.
About Intelsat SA
Intelsat SA operates in satellite services business. The Company 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.
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