Intelsat S.A. (NYSE:I) is among the top losers of the stock market today, sinking -5.02% or (-1.13 points) to $21.37 from its previous close of $22.5. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 1400140 contracts so far this session. I shares had a relatively better volume day versus average trading capacity of 3.35 million shares, but with a 65.91 million float and a 11.61% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for I stock indicates that the average analyst price target is $29 per share. This means the stock has a potential increase of 35.7% from where the I share price has been trading recently which is between $22.06 and $23.48. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $5.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Why Intelsat Stock Soared 29.2% in April” and dated May 10, 2019.
During the recent trading session for Intelsat S.A. (NYSE:I), the company witnessed their stock rise $1.17 over a week and surge $2.92 from the price 20 days ago. When compared to their established 52-week high of $37.7, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/17/18. The recent low of $13.17 stood for a -43.32% since 05/16/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.37 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Intelsat S.A., the two-week RSI stands at 62.25. This figure suggests that I stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current I readings is similarly very revealing as it has a stochastic reading of 70.18% at this stage. This figure means that I share price today is being oversold.
Technical chart claims that Intelsat S.A. (I) would settle between $23.3/share to $24.1/share level. However, if the stock price goes below the $21.88 mark, then the market for Intelsat S.A. becomes much weaker. If that happens, the stock price might even plunge as low as $21.26 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.87. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at JP Morgan raised their recommendation on shares of I from Neutral to Overweight in their opinion released on April 03. Morgan Stanley analysts again handed out a Equal-Weight recommendation to Intelsat S.A. (NYSE:I) stock but they lifted target price for the shares in a flash note issued to investors on March 18. The target price has been raised from $28 to $24. Analysts at Raymond James released an upgrade from Underperform to Mkt Perform for the stock, in a research note that dated back to March 06.
I equity has an average rating of 2.56, with the figure leaning towards a bullish end. 9 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 4 analysts rated Intelsat S.A. (NYSE:I) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, I stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.36 while for the average stock in the same group, the multiple is 1.65. Intelsat S.A. current P/E ratio of 0.92 means it is trading at a discount against its industry’s 65.81. In the past 5 years, this ratio for the stock has been fluctuating between 0.31 and 9.1.
Intelsat S.A. (I)’s current-quarter revenues are projected to climb by nearly -6.53% to hit $502590, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -5.4% from $2.16 billion to a noteworthy $2.04 billion. At the other end of the current quarter income statement, Intelsat S.A. is expected to see its adjusted earnings surge by roughly -150% to hit $-0.95 per share. For the fiscal year, I’s earnings are projected to climb by roughly -9.87% to hit $-2.56 per share.