Analysts Set Intelsat SA (I) Target Price at $14.00

Shares of Intelsat SA (NYSE:I) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.00.

A number of brokerages have recently weighed in on I. Goldman Sachs Group reiterated a “neutral” rating and set a $31.00 price target on shares of Intelsat in a research report on Monday, October 22nd. Jefferies Financial Group reiterated a “buy” rating on shares of Intelsat in a research report on Tuesday, October 9th. Finally, Zacks Investment Research upgraded Intelsat from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th.

A number of hedge funds have recently modified their holdings of I. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Intelsat in the 2nd quarter worth approximately $102,000. The Manufacturers Life Insurance Company grew its holdings in Intelsat by 355.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 28,223 shares of the technology company’s stock worth $106,000 after buying an additional 22,025 shares in the last quarter. SG Americas Securities LLC bought a new position in Intelsat in the 2nd quarter worth approximately $122,000. Macquarie Group Ltd. bought a new position in Intelsat in the 2nd quarter worth approximately $148,000. Finally, Cerebellum GP LLC bought a new position in Intelsat in the 3rd quarter worth approximately $190,000. 49.81% of the stock is owned by institutional investors and hedge funds.

Shares of Intelsat stock traded down $0.79 on Friday, reaching $28.45. 1,951,300 shares of the company were exchanged, compared to its average volume of 2,832,388. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of -16.74 and a beta of 1.31. Intelsat has a 1-year low of $2.44 and a 1-year high of $37.70.

Intelsat (NYSE:I) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported ($1.95) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($1.63). The firm had revenue of $537.00 million during the quarter, compared to analyst estimates of $531.97 million. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) EPS. As a group, research analysts forecast that Intelsat will post -1.55 EPS for the current year.

Intelsat Company Profile

Intelsat SA, through 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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Analyst Recommendations for Intelsat (NYSE:I)

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