Intelsat (NYSE:I) has been assigned a $20.00 price target by Barclays in a report released on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the technology company’s stock. Barclays‘s target price would indicate a potential downside of 12.28% from the company’s current price.
Several other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Intelsat from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. JPMorgan Chase & Co. upped their price target on shares of Intelsat from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.67.
Shares of NYSE I traded down $0.27 on Friday, hitting $22.80. The company’s stock had a trading volume of 1,210,328 shares, compared to its average volume of 2,231,569. Intelsat has a 12-month low of $14.81 and a 12-month high of $37.70. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of -9.79 and a beta of 1.50. The stock has a 50 day moving average of $20.98 and a 200-day moving average of $19.79.
Intelsat (NYSE:I) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.10). The business had revenue of $509.40 million for the quarter, compared to the consensus estimate of $500.08 million. During the same quarter in the previous year, the business earned ($0.38) earnings per share. Intelsat’s quarterly revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Intelsat will post -3.67 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in I. Key Square Capital Management LLC lifted its stake in shares of Intelsat by 108.3% during the second quarter. Key Square Capital Management LLC now owns 1,381,040 shares of the technology company’s stock valued at $26,861,000 after buying an additional 718,187 shares during the period. Dimensional Fund Advisors LP increased its position in Intelsat by 60.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,178 shares of the technology company’s stock worth $23,342,000 after purchasing an additional 409,549 shares during the last quarter. Canyon Capital Advisors LLC acquired a new position in Intelsat during the second quarter worth approximately $6,808,000. Nuveen Asset Management LLC acquired a new position in Intelsat during the second quarter worth approximately $4,324,000. Finally, Vanguard Group Inc. increased its position in Intelsat by 3.5% during the second quarter. Vanguard Group Inc. now owns 5,727,480 shares of the technology company’s stock worth $111,399,000 after purchasing an additional 196,023 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.
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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