Jefferies analyst Kevin Grundy maintained a Buy rating on Intelsat SA (I) today. The company’s shares closed on Friday at $26.67.
Grundy said:
“Median short interest for the Beverages group decreased -10.1% since 10/15, while positions against Household Products decreased -4.8% during the same period. Among the largest decreases in Beverages since 10/15 were STZ (-24%), PEP (-22%), and BFB (-18%); among the largest decreases in HPC were ENR (-18%), KMB (-16%) and EL (-15%). Median days to cover for Beverages are 2.2 and 5.9 for HPC. Our favored long ideas are and PETQ. Short interest update: Median short interest (SI) for the Beverages group decreased -10.1% since 10/15, while positions against the HPC group decreased -4.8%. In aggregate, short interest for the overall staples group decreased -5.8% since 10/15. Short interest levels decreased for 22 of the 30 companies in our composite Staples index.”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 7.7% and a 63.4% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Skyline Champion Corporation, Coca-Cola European Partners, and Constellation Brands Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Intelsat SA with a $35 average price target.
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The company has a one-year high of $37.70 and a one-year low of $2.44. Currently, Intelsat SA has an average volume of 2.68M.
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Intelsat SA provides satellite services business, which provides a layer in the global communications infrastructure. It provides communication services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations and ISPs.
