Intelsat SA (NYSE:I)’s share price traded up 10.6% on Friday . The company traded as high as $15.60 and last traded at $13.41, 24,352,412 shares traded hands during mid-day trading. An increase of 846% from the average session volume of 2,575,573 shares. The stock had previously closed at $12.13.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Intelsat from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. Barclays set a $20.00 price objective on shares of Intelsat and gave the company a “hold” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered shares of Intelsat from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $34.00 to $22.00 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.40.

The business’s fifty day moving average is $24.03 and its 200-day moving average is $21.37. The firm has a market cap of $1.67 billion, a PE ratio of -5.76 and a beta of 1.49.

Intelsat (NYSE:I) last posted its earnings results on Tuesday, October 29th. The technology company reported ($2.74) earnings per share for the quarter, missing the consensus estimate of ($0.88) by ($1.86). The firm had revenue of $506.70 million for the quarter, compared to analysts’ expectations of $502.15 million. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm earned ($0.26) EPS. Analysts forecast that Intelsat SA will post -3.5 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Intelsat during the third quarter valued at approximately $109,000. Aperio Group LLC purchased a new position in Intelsat during the second quarter valued at approximately $110,000. Neo Ivy Capital Management purchased a new position in Intelsat during the second quarter valued at approximately $188,000. CIBC Private Wealth Group LLC purchased a new position in Intelsat during the third quarter valued at approximately $228,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Intelsat during the second quarter valued at approximately $244,000. 90.90% of the stock is owned by institutional investors.

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.

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