Intelsat S.A. (I) Now Covered by Analysts at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) began coverage on shares of Intelsat S.A. (NYSE:I) in a research report report published on Thursday, Marketbeat reports. The firm issued a neutral rating and a $3.50 price target on the technology company’s stock.
A number of other research analysts have also recently commented on I. Zacks Investment Research raised Intelsat from a hold rating to a strong-buy rating and set a $3.75 target price on the stock in a research note on Saturday, July 29th. ValuEngine raised Intelsat from a sell rating to a hold rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised Intelsat from a hold rating to a buy rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Intelsat presently has an average rating of Buy and a consensus price target of $4.13.
Shares of Intelsat (NYSE:I) traded up 4.93% during midday trading on Thursday, reaching $3.83. The company had a trading volume of 133,351 shares. Intelsat has a 52 week low of $2.38 and a 52 week high of $5.87. The firm has a market capitalization of $455.77 million, a price-to-earnings ratio of 0.57 and a beta of 2.11. The stock has a 50-day moving average of $3.23 and a 200 day moving average of $3.55.
Intelsat (NYSE:I) last released its earnings results on Thursday, July 27th. The technology company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.13. The firm had revenue of $533.20 million for the quarter, compared to analysts’ expectations of $534.16 million. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, analysts anticipate that Intelsat will post ($0.72) earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of Intelsat by 21.6% in the first quarter. Morgan Stanley now owns 264,441 shares of the technology company’s stock worth $1,097,000 after buying an additional 46,998 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Intelsat by 11.0% in the first quarter. Geode Capital Management LLC now owns 288,600 shares of the technology company’s stock worth $1,197,000 after buying an additional 28,572 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Intelsat by 16.0% in the first quarter. Vanguard Group Inc. now owns 1,614,972 shares of the technology company’s stock worth $6,702,000 after buying an additional 222,457 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Intelsat by 11.1% in the first quarter. California Public Employees Retirement System now owns 375,500 shares of the technology company’s stock worth $1,558,000 after buying an additional 37,500 shares during the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Intelsat during the first quarter worth about $421,000. Hedge funds and other institutional investors own 38.86% of the company’s stock.
Intelsat Company Profile
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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