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Zacks Investment Research downgraded Intelsat SA (NYSE:I) to Sell in a report released today.

Zacks Investment Research has downgraded Intelsat SA (NYSE:I) to Sell in a report released on 10/12/2016.

Just yesterday Intelsat SA (NYSE:I) traded -3.03% lower at $2.88. Intelsat SA’s 50-day moving average is $2.82 and its 200-day moving average is $2.91. The last closing price is down -1.07% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 266,649 shares of I traded hands, down from an average trading volume of 340,011

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Intelsat SA (NYSE:I)

Intelsat SA has 52 week low of $1.44 and a 52 week high of $7.15 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $2.99 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 6 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Intelsat SA (NYSE:I)

Intelsat SA is a Luxembourg-based company that operates in satellite services business. It 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. The Company is also a provider of commercial satellite communication services to the United States government and other select military organizations and their contractors. It focuses on business-to-business services, indirectly enabling enterprise, government and consumer applications through its customers. It provides satellite capacity and related communications services. Its customer contracts offer over four service types, which include transponder services, managed services, channel services, and mobile satellite services and other.

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