Intelsat (I) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Intelsat (NYSE:I) from a hold rating to a sell rating in a research report sent to investors on Tuesday, Zacks.com reports.

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 equities research analysts have also recently commented on the stock. Barclays reiterated a hold rating and issued a $23.00 price target on shares of Intelsat in a research report on Friday, February 1st. TheStreet cut shares of Intelsat from a c- rating to a d rating in a research report on Wednesday, February 6th. JPMorgan Chase & Co. upgraded shares of Intelsat from a neutral rating to an overweight rating and set a $27.00 price target on the stock in a research report on Wednesday, April 3rd. Evercore ISI initiated coverage on shares of Intelsat in a research report on Monday, February 25th. They issued an outperform rating and a $50.00 price target on the stock. Finally, Morgan Stanley reiterated an equal weight rating and issued a $24.00 target price (down from $28.00) on shares of Intelsat in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $30.00.

I stock opened at $20.95 on Tuesday. Intelsat has a 52 week low of $11.17 and a 52 week high of $37.70. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -8.99 and a beta of 1.38.

Intelsat (NYSE:I) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.26). The business had revenue of $528.40 million for the quarter, compared to the consensus estimate of $523.74 million. During the same quarter last year, the business earned ($0.56) EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. 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 I. Csenge Advisory Group acquired a new position in Intelsat in the 3rd quarter valued at approximately $28,000. We Are One Seven LLC acquired a new position in shares of Intelsat in the fourth quarter worth $49,000. Quantamental Technologies LLC acquired a new position in shares of Intelsat in the fourth quarter worth $51,000. Nisa Investment Advisors LLC increased its stake in shares of Intelsat by 1,291.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,340 shares of the technology company’s stock worth $71,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Howe & Rusling Inc. acquired a new position in shares of Intelsat in the first quarter worth $271,000. 59.72% of the stock is currently owned by hedge funds and other 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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