The stock of Intelsat SA (NYSE:I) is a huge mover today! The stock decreased 3.56% or $0.1 during the last trading session, hitting $2.71. About 284,162 shares traded hands. Intelsat SA (NYSE:I) has risen 57.56% since February 29, 2016 and is uptrending. It has outperformed by 47.13% the S&P500.
The move comes after 6 months negative chart setup for the $278.79 million company. It was reported on Oct, 1 by Barchart.com. We have $2.41 PT which if reached, will make NYSE:I worth $30.67 million less.
Analysts await Intelsat SA (NYSE:I) to report earnings on November, 3. They expect $1.58 EPS, up 85.88% or $0.73 from last year’s $0.85 per share. I’s profit will be $162.54M for 0.43 P/E if the $1.58 EPS becomes a reality. After $0.58 actual EPS reported by Intelsat SA for the previous quarter, Wall Street now forecasts 172.41% EPS growth.
Intelsat SA (NYSE:I) Ratings Coverage
Out of 6 analysts covering Intelsat S.A. (NYSE:I), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. Intelsat S.A. has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, January 13. The firm earned “Outperform” rating on Thursday, October 29 by RBC Capital Markets. Raymond James downgraded the shares of I in a report on Monday, July 18 to “Underperform” rating. As per Friday, February 26, the company rating was downgraded by Wells Fargo.
According to Zacks Investment Research, “Intelsat Investments S.A. provides satellite communications services. The company offers network services comprising transponder services, video distribution and contribution services, hybrid satellite, fiber and teleport managed services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations, internet service providers, military and government sectors. Intelsat Investments S.A. is based in Luxembourg.”
More notable recent Intelsat SA (NYSE:I) news were published by: Moodys.com which released: “Moody’s downgrades Intelsat’s CFR to Caa2; outlook now negative” on February 29, 2016, also Seekingalpha.com with their article: “Intelsat SA (I) Stephen Spengler on Q2 2016 Results – Earnings Call Transcript” published on July 27, 2016, Moodys.com published: “Moody’s assigns B1 rating to Intelsat’s senior secured notes; downgrades …” on March 21, 2016. More interesting news about Intelsat SA (NYSE:I) were released by: Twst.com and their article: “Intelsat SA: Intelsat Announces Final Results of Exchange Offer for Certain …” published on September 27, 2016 as well as Bloomberg.com‘s news article titled: “Intelsat Creditors Said to Discuss Debt Swap, Cash Injection” with publication date: March 17, 2016.
I Company Profile
Intelsat S.A., incorporated on July 18, 2011, operates in satellite services business. The Firm provides 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 firms and Internet service providers (ISPs). The Firm is also a well-known provider of commercial satellite communication services to the United States government and other select military organizations and their contractors. The Firm focuses on business-to-business services, indirectly enabling enterprise, government and consumer applications through its customers. The Firm has activities in North America, Europe, Latin America and Caribbean, Africa and Middle East, and Asia Pacific.
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