Credit Suisse Downgrades Intelsat S.A (I) to Underperform
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Rating Summary:
4 Buy, 8 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 10 | New: 42
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Credit Suisse downgraded Intelsat S.A (NYSE: I) from Neutral to Underperform with a price target of $11.00 (from $21.00).
Analyst Joseph Mastrogiovanni expect the stock to to underperform the Telco Services universe over the next 6 – 12 months. They said the company faces much stronger headwinds than they expected, it trades at a premium to peers and it lacks a catalyst until early 2016.
The firm cut FY 2015 EPS from $3.18 to $1.90.
For an analyst ratings summary and ratings history on Intelsat S.A click here. For more ratings news on Intelsat S.A click here.
Shares of Intelsat S.A closed at $12.83 yesterday.
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