Intelsat SA (I) Receives a Buy from Evercore ISI


In a report released today, James Ratcliffe from Evercore ISI maintained a Buy rating on Intelsat SA (I), with a price target of $38.00. The company’s shares closed last Monday at $14.43, close to its 52-week low of $13.00.

According to TipRanks.com, Ratcliffe is ranked #1238 out of 5664 analysts.

Currently, the analyst consensus on Intelsat SA is a Hold with an average price target of $21.33.

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Based on Intelsat SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $148 million. In comparison, last year the company had a GAAP net loss of $375 million.

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Intelsat SA provides satellite services business, which provides a layer in the global communications infrastructure. It offers communication services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications, multinational corporations and ISPs.

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