Shares of Intelsat SA (NYSE:I) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $33.00.
Several research firms have recently commented on I. Evercore ISI began coverage on shares of Intelsat in a research report on Monday, February 25th. They issued an “outperform” rating and a $50.00 price target on the stock. Raymond James upgraded shares of Intelsat from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 6th. They noted that the move was a valuation call. TheStreet lowered shares of Intelsat from a “c-” rating to a “d” rating in a research report on Wednesday, February 6th. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Barclays reiterated a “hold” rating and issued a $23.00 price target on shares of Intelsat in a research report on Friday, February 1st.
Intelsat stock traded down $0.21 during mid-day trading on Friday, reaching $17.17. The company had a trading volume of 3,509,487 shares, compared to its average volume of 2,767,956. Intelsat has a 1 year low of $3.55 and a 1 year high of $37.70. The stock has a market cap of $2.37 billion, a PE ratio of -7.37 and a beta of 1.35.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Intelsat by 48.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,899,003 shares of the technology company’s stock valued at $146,970,000 after purchasing an additional 1,607,665 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Intelsat by 48.8% in the 3rd quarter. Vanguard Group Inc now owns 4,899,003 shares of the technology company’s stock valued at $146,970,000 after purchasing an additional 1,607,665 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Intelsat by 23.6% in the 3rd quarter. Renaissance Technologies LLC now owns 2,027,900 shares of the technology company’s stock valued at $60,837,000 after purchasing an additional 387,500 shares during the last quarter. Norges Bank acquired a new position in shares of Intelsat in the 4th quarter valued at $33,155,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Intelsat by 60.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,091,178 shares of the technology company’s stock valued at $23,342,000 after purchasing an additional 409,549 shares during the last quarter. Hedge funds and other institutional investors own 58.65% of the company’s stock.
Intelsat Company Profile
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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