Intelsat SA (NYSE:I) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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. “

Separately, Raymond James Financial Inc. cut Intelsat SA from a “market perform” rating to an “underperform” rating in a report on Monday, July 18th. Six equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The company has an average rating of “Sell” and an average price target of $3.09.

Analyst Recommendations for Intelsat SA (NYSE:I)

Shares of Intelsat SA (NYSE:I) opened at 2.88 on Wednesday. The firm has a 50-day moving average price of $2.82 and a 200 day moving average price of $2.91. The firm’s market cap is $338.97 million. Intelsat SA has a 12-month low of $1.44 and a 12-month high of $7.15.

Intelsat SA (NYSE:I) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.98 EPS for the quarter, topping the Zacks’ 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 company had revenue of $542 million for the quarter, compared to the consensus estimate of $533.51 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Intelsat SA will post ($0.28) earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Scopia Capital Management LP acquired a new position in shares of Intelsat SA during the first quarter worth $6,300,000. Macquarie Group Ltd. increased its position in shares of Intelsat SA by 22.3% in the second quarter. Macquarie Group Ltd. now owns 2,289,930 shares of the company’s stock worth $5,908,000 after buying an additional 417,138 shares in the last quarter. Solus Alternative Asset Management LP acquired a new position in shares of Intelsat SA during the first quarter worth $5,040,000. AQR Capital Management LLC increased its position in shares of Intelsat SA by 72.8% in the second quarter. AQR Capital Management LLC now owns 941,141 shares of the company’s stock worth $2,428,000 after buying an additional 396,648 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Intelsat SA by 19.1% in the second quarter. BlackRock Fund Advisors now owns 763,196 shares of the company’s stock worth $1,969,000 after buying an additional 122,262 shares in the last quarter. Institutional investors and hedge funds own 41.98% of the company’s stock.

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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