Intelsat S.A. (OTCMKTS:INTEQ) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 15,548,800 shares, a drop of 9.7% from the August 31st total of 17,221,200 shares. Based on an average daily volume of 1,680,300 shares, the short-interest ratio is currently 9.3 days.
OTCMKTS:INTEQ traded down $0.01 during mid-day trading on Friday, hitting $0.63. The stock had a trading volume of 836,794 shares, compared to its average volume of 6,056,473. Intelsat has a twelve month low of $0.13 and a twelve month high of $27.29. The firm has a market cap of $88.84 million, a PE ratio of -0.10 and a beta of 1.16. The stock has a 50 day simple moving average of $0.62.
Intelsat (OTCMKTS:INTEQ) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($2.85) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.89) by ($0.96). The business had revenue of $482.03 million for the quarter, compared to analysts’ expectations of $443.00 million. Analysts forecast that Intelsat will post -6.73 EPS for the current year.
Several brokerages recently issued reports on INTEQ. Zacks Investment Research upgraded shares of Intelsat from a “sell” rating to a “hold” rating in a research note on Wednesday, August 12th. ValuEngine downgraded shares of Intelsat from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Raymond James reiterated a “hold” rating on shares of Intelsat in a research note on Wednesday, August 26th.
Intelsat Company Profile
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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