Intelsat (I) Shares Gap Up to $15.35

Share on StockTwits

Intelsat SA (NYSE:I)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $13.90, but opened at $15.35. Intelsat shares last traded at $15.40, with a volume of 6414449 shares traded.

I has been the topic of a number of research reports. TheStreet downgraded Intelsat from a “c-” rating to a “d” rating in a report on Wednesday, February 6th. Morgan Stanley restated an “equal weight” rating and issued a $24.00 price objective (down from $28.00) on shares of Intelsat in a report on Monday, March 18th. Barclays restated a “hold” rating and issued a $23.00 price objective on shares of Intelsat in a report on Friday, February 1st. Zacks Investment Research upgraded Intelsat from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Raymond James upgraded Intelsat from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Intelsat has an average rating of “Buy” and an average target price of $30.00.

The company has a market cap of $2.10 billion, a PE ratio of -6.61 and a beta of 1.28.

Intelsat (NYSE:I) last posted its earnings results on Wednesday, February 20th. The technology company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.67). The firm had revenue of $542.70 million during the quarter, compared to analyst estimates of $539.00 million. During the same period in the prior year, the business posted ($0.75) EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Intelsat SA will post -1.3 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Intelsat by 48.8% during 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 in the last quarter. Vanguard Group Inc grew its stake in Intelsat by 48.8% during 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 in the last quarter. Renaissance Technologies LLC grew its stake in Intelsat by 23.6% during 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 in the last quarter. Norges Bank acquired a new stake in Intelsat during the 4th quarter valued at approximately $33,155,000. Finally, Dimensional Fund Advisors LP grew its stake in Intelsat by 60.1% during 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 in the last quarter. Institutional investors and hedge funds own 59.69% of the company’s stock.

WARNING: This piece of content was reported by Zolmax and is the property of of Zolmax. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://zolmax.com/investing/intelsat-i-shares-gap-up-to-15-35/3011912.html.

About Intelsat (NYSE:I)

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.

Recommended Story: How analysts view the yield curve

Receive News & Ratings for Intelsat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intelsat and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

India’s Jet Airways stock falls on Account of temporary close
India’s Jet Airways stock falls on Account of temporary close
Alaska Air Group, Inc.  Shares Bought by Strs Ohio
Alaska Air Group, Inc. Shares Bought by Strs Ohio
Renaissance Investment Group LLC Sells 1,096 Shares of BlackRock, Inc.
Renaissance Investment Group LLC Sells 1,096 Shares of BlackRock, Inc.
Deere & Company  Shares Sold by Plimoth Trust Co. LLC
Deere & Company Shares Sold by Plimoth Trust Co. LLC
Wooster Corthell Wealth Management Inc. Has $28.21 Million Holdings in Schwab International Equity ETF
Wooster Corthell Wealth Management Inc. Has $28.21 Million Holdings in Schwab International Equity ETF
-$0.16 EPS Expected for Ironwood Pharmaceuticals, Inc.  This Quarter
-$0.16 EPS Expected for Ironwood Pharmaceuticals, Inc. This Quarter


 
© 2006-2019 Zolmax.