Intelsat SA (I) is Downgraded by Raymond James to Underperform

Intelsat SA (I) was Downgraded by Raymond James to ” Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Jul 18, 2016.

On the company’s financial health, Intelsat SA reported $0.13 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.13. The company had revenue of $552.60 million for the quarter, compared to analysts expectations of $542.77 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.

Intelsat SA opened for trading at $2.7 and hit $2.85 on the upside on Friday, eventually ending the session at $2.84, with a gain of 5.58% or 0.15 points. The heightened volatility saw the trading volume jump to 2,50,531 shares. Company has a market cap of $307 M.

Intelsat S.A. is a provider of satellite capacity for network services. The Company 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 corporations and Internet service providers (ISPs). The Company is also a provider of commercial satellite communication services to the United States Government and other select military organizations and their contractors. The Company focuses on business-to-business services indirectly enabling enterprise Government and consumer applications through its customers. The Company provides satellite capacity and related communications services for the transmission of video data and voice signals. Its customer contracts offer four service types which include transponder services managed services channel services and mobile satellite services and other.

Intelsat SA

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