Evercore ISI Downgrades Intelsat (NYSE:I) to Hold
Evercore ISI cut shares of Intelsat (NYSE:I) from an outperform rating to a hold rating in a research note published on Monday, Briefing.com Automated Import reports. Evercore ISI currently has $11.00 price objective on the technology company’s stock.
A number of other analysts have also weighed in on the stock. Barclays set a $20.00 target price on shares of Intelsat and gave the company a hold rating in a research report on Friday, September 27th. Zacks Investment Research lowered shares of Intelsat from a buy rating to a hold rating in a research report on Saturday, August 17th. Finally, JPMorgan Chase & Co. lowered shares of Intelsat from an overweight rating to a neutral rating and cut their target price for the company from $34.00 to $22.00 in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, Intelsat has a consensus rating of Hold and a consensus target price of $16.40.
NYSE:I traded down $1.94 during mid-day trading on Monday, reaching $6.09. The stock had a trading volume of 35,752,615 shares, compared to its average volume of 2,962,934. The stock has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $21.24. The stock has a market capitalization of $1.85 billion, a PE ratio of -2.61 and a beta of 1.49. Intelsat has a 12 month low of $5.55 and a 12 month high of $29.54.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Intelsat in the third quarter valued at $109,000. Aperio Group LLC acquired a new position in Intelsat in the second quarter valued at $110,000. Neo Ivy Capital Management acquired a new position in Intelsat in the second quarter valued at $188,000. CIBC Private Wealth Group LLC acquired a new position in Intelsat in the third quarter valued at $228,000. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Intelsat in the second quarter valued at $244,000. Institutional investors own 91.17% of the company’s stock.
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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