Intelsat S.A. (NYSE:I) had its target price lowered by Royal Bank Of Canada from $6.25 to $6.00 in a report released on Thursday morning. The firm currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on I. Zacks Investment Research raised Intelsat from a sell rating to a hold rating in a report on Tuesday, July 18th. BidaskClub raised Intelsat from a hold rating to a buy rating in a report on Tuesday, August 1st. Jefferies Group LLC raised Intelsat from a hold rating to a buy rating and upped their target price for the stock from $2.50 to $5.00 in a report on Friday, September 8th. ValuEngine raised Intelsat from a sell rating to a hold rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Intelsat in a report on Thursday, August 10th. They issued a neutral rating and a $3.50 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $4.25.

Intelsat (NYSE I) traded up 4.81% on Thursday, reaching $6.54. The company’s stock had a trading volume of 945,783 shares. The company has a 50-day moving average price of $4.42 and a 200 day moving average price of $3.67. Intelsat has a 12 month low of $2.38 and a 12 month high of $6.75. The company has a market cap of $778.26 million, a P/E ratio of 0.97 and a beta of 2.12.

Intelsat (NYSE:I) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.13. Intelsat had a negative return on equity of 1.90% and a net margin of 36.95%. The business had revenue of $533.20 million during the quarter, compared to the consensus estimate of $534.16 million. During the same period in the prior year, the company earned $0.98 EPS. Intelsat’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Intelsat will post ($0.78) EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of I. Engineers Gate Manager LP acquired a new stake in shares of Intelsat in the second quarter valued at about $100,000. Rhumbline Advisers increased its stake in shares of Intelsat by 15.3% in the second quarter. Rhumbline Advisers now owns 39,692 shares of the technology company’s stock valued at $121,000 after buying an additional 5,265 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Intelsat in the first quarter valued at about $131,000. Alliancebernstein L.P. increased its stake in shares of Intelsat by 16.0% in the second quarter. Alliancebernstein L.P. now owns 42,800 shares of the technology company’s stock valued at $131,000 after buying an additional 5,900 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of Intelsat by 17.2% in the first quarter. Gotham Asset Management LLC now owns 34,869 shares of the technology company’s stock valued at $145,000 after buying an additional 5,124 shares during the period. 37.95% of the stock is owned by institutional investors.

About Intelsat

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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