I - Intelsat S.A.

NYSE - NYSE Delayed Price. Currency in USD
6.53
+0.48 (+7.93%)
At close: 4:02PM EST
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Previous Close6.05
Open6.10
Bid6.40 x 1100
Ask6.35 x 800
Day's Range6.01 - 6.59
52 Week Range5.55 - 27.29
Volume6737585
Avg. Volume5,813,173
Market Cap921M
Beta (3Y Monthly)1.21
PE Ratio (TTM)N/A
EPS (TTM)-6.52
Earnings DateFeb 18, 2020 - Feb 24, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est22.18
  • David Tepper Trims UnitedHealth, Exits Intelsat
    GuruFocus.com

    David Tepper Trims UnitedHealth, Exits Intelsat

    Investor's largest sales of the 3rd quarter Continue reading...

  • 2 Falling Knives for Investors to Consider
    GuruFocus.com

    2 Falling Knives for Investors to Consider

    These companies have a low financial burden Continue reading...

  • Hedge Fund Battleground Stock Crashes and Burns
    Insider Monkey

    Hedge Fund Battleground Stock Crashes and Burns

    Insider Monkey tracks hedge funds' moves to identify the best stocks to buy and short. We recommend about 10-15 long positions and 5-10 short positions in our quarterly newsletter every quarter. Our long strategy was launched 5.5 years ago and its stock picks outperformed the Russell 2000 ETFs by 40 percentage points. Our short strategy […]

  • Why Is Intelsat (I) Down 75.3% Since Last Earnings Report?
    Zacks

    Why Is Intelsat (I) Down 75.3% Since Last Earnings Report?

    Intelsat (I) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Intelsat Wins Consortium Award for Enterprise Solutions
    Zacks

    Intelsat Wins Consortium Award for Enterprise Solutions

    The recognition underpins Intelsat's (I) sustained focus on developing user-friendly services to help its customers expand their businesses and achieve success.

  • Business Wire

    Intelsat Recognized with SD-WAN-over-Satellite “Service Implementation of the Year” Award

    Intelsat S.A. (NYSE:I) announced its “SD-WAN over Satellite Access” demonstration won the 2019 Service Implementation of the Year award at the Metro Ethernet Forum (MEF) 3.0 Proof-of-Concept Showcase in Los Angeles last week. The annual event, hosted by international industry consortium MEF, focuses on the interoperability of connectivity services and brings carriers and technology providers together to showcase innovative real-world applications of the MEF 3.0 interoperability framework. Intelsat’s proof-of-concept illustrated how the current MEF “lifecycle service orchestration” standards can enable customers to implement and manage remote site connectivity across different network providers, different network types (terrestrial and space), and different SD-WAN technology vendors ― all through a single user portal.

  • Barrons.com

    Intelsat Stock Lost 70% of Its Value—and There Could Be More Pain Ahead

    Intelsat stock has lost 70% of its value in the past two weeks. Now the federal government may complicate its best hope for a rebound.

  • Telecom Stock Roundup: Intelsat Stock Dips, Vodafone's Cloud Foray, Other Updates
    Zacks

    Telecom Stock Roundup: Intelsat Stock Dips, Vodafone's Cloud Foray, Other Updates

    While Intelsat (I) shares tank on the news of probable public auctioning of C-Band spectrum, Vodafone (VOD) is gearing up to shift its data to Google Cloud.

  • Barrons.com

    Buy Intelsat Stock Because Its Price Has Dropped Far Enough, Analyst Says

    The shares were on the mend following the satellite company’s recent 75% swoon, after Raymond James analyst Richard Prentiss lifted his rating on the stock to Outperform from Market Perform.

  • Barrons.com

    Intelsat and Other Satellite Companies May Not Even Own the 5G Spectrum They’re Betting the House On

    At the heart of the still-unfolding debate about the transfer of C-Band radio spectrum to carriers for the coming 5G buildout is this question: Can you sell something you don’t own?

  • Benzinga

    Analyst Upgrades Intelsat's Stock Following 75% Decline

    Intelsat SA (NYSE: I ) shares have taken a beating in the past week, plummeting more than 70% on concerns related to the Federal Communications Commission opting for a public auction of the company’s C-band ...

  • Intelsat Shares Tank on FCC Call for Public Spectrum Auction
    Zacks

    Intelsat Shares Tank on FCC Call for Public Spectrum Auction

    Intelsat (I) shares tank 56.6% in the past two days as investors resort to panic selling with the telecom regulatory authority dismissing its plans for private auctioning of C-Band spectrum.

  • MarketWatch

    Intelsat's stock bounces after recent 'dramatic' pullback turns Raymond James bullish

    Shares of Intelsat S.A. jumped 13% in premarket trading Wednesday, bouncing after a 55% plunge in two days, after Raymond James analyst Ric Prentiss turned bullish on the satellite communications company, citing improved valuation after the "dramatic" pullback. Prentiss raised his rating to outperform from market perform, and set a stock price target of $12, which is nearly double Tuesday's closing price of $6.09. The stock's plunge this week, and the 76% selloff so far this month, after the FCC chose a public auction for 5G spectrum over a private auction, and a Senate committee followed by introducing a bill Monday requiring at least 50% of the proceeds from the auction go to the U.S. Treasury. Prentiss said a final outcome of 50% going to Treasury was unlikely, as it would "probably" lead to litigation, and given previous FCC-run spectrum auctions have included government stakes of about 20% to 40%. Therefore, "given the recent dramatic pullback," he believes the risk-vs.-reward profile is now "more interesting." The stock has tumbled 71.5% year to date through Tuesday, while the S&P 500 has gained 24.5%.

  • Intelsat’s stock sinks again as Congress looks to ‘rake’ in revenue from 5G spectrum auction
    MarketWatch

    Intelsat’s stock sinks again as Congress looks to ‘rake’ in revenue from 5G spectrum auction

    Shares of Intelsat S.A. continued to plummet to earth on heavy volume after the U.S. Federal Communications Commission’s decision to move forward with a public auction of new 5G spectrum prompted what was essentially a Congressional money grab.

  • The Catch-22 in a $50 Billion 5G Airwaves Fight
    Bloomberg

    The Catch-22 in a $50 Billion 5G Airwaves Fight

    (Bloomberg Opinion) -- There’s been a lot of drama lately in the wireless world concerning 5G and something called C-band. To most people, all the news headlines have probably looked like a foreign language. But allow me to translate for you, because it’s a fascinating situation that has sparked a transnational fight over some $50 billion, while presenting advocates of President Donald Trump’s “America First” policy with a catch-22. The outcome may have far-reaching implications for the U.S. in the global race to 5G, and it certainly does for a pair of beaten-down European stocks. At the root of the drama is spectrum, the invisible airwaves sought after by U.S. wireless carriers — Verizon, AT&T, T-Mobile, Sprint — and others to construct ultra-fast 5G data networks, the kind that will enable a smartphone to download a movie in mere seconds and support driverless car technology. The Federal Communications Commission has been working to free up spectrum being used by other institutions so that it can be auctioned off to the 5G builders and repurposed for their networks, a high priority for the Trump administration.But there have been some hiccups along the way. Take one case, in which scientists from the National Oceanic and Atmospheric Administration (NOAA) and the National Aeronautics and Space Administration (NASA) raised concerns that a particular slice of spectrum auctioned by the FCC could interfere with weather sensors and limit their ability to forecast hurricanes. That’s quite a quandary.The recent spectrum controversy, a separate matter from the hurricane one, has involved a swath referred to as the C-band. In the 3.7 to 4.2 gigahertz frequency range, these midband airwaves are highly desirable for 5G because they can both carry large amounts of data and travel long distances (some spectrum can only do one or the other). Here’s where it gets complicated: Most of the C-band is controlled by two Luxembourg-based companies, Intelsat SA and SES SA, which use it to beam TV shows to U.S. households from their satellite fleets. Telesat of Ottawa also owns some of the C-band rights. These three foreign companies make up what’s called the C-Band Alliance (CBA).The good news it that the CBA members are willing sellers, and the auction could raise $50 billion or more, according to an estimate by New Street Research. It would be one of the biggest spectrum auctions ever. But who gets the money: the CBA, or the U.S. Treasury? These are U.S. assets, after all. The CBA had been pushing for a private auction run by, of course, the CBA, arguing that it would make the process much faster. For those who see America’s buildout of 5G as an important geopolitical race against China, time is of the essence. FCC Chair Ajit Pai — who is already a controversial figure for repealing net neutrality and for backing the potentially harmful merger of T-Mobile and Sprint — originally seemed to be leaning toward the CBA plan. His Republican colleague, Commissioner Michael O’Rielly, was in strong support of it: “In the grand scheme of things, if it is a contest between speed and the government trying to extract a significant piece of the transaction through a lengthy process, I’ll take the speedy resolution,” O’Rielly said at a conference in September. But in the CBA auction scenario, only a portion of the proceeds would go to the U.S., while the rest would be pocketed by the CBA. That sounded like nails on a chalkboard to at least one member of Congress: “They’re thinking about giving our spectrum to three foreign companies and letting them keep the $60 billion,” Republican Senator John Kennedy of Louisiana said during an impassioned speech on the Senate floor last month. “Talk about swampy,” he said, adding that the funds should go to the American taxpayer. But to put America first, is it better to hold a quicker auction or a more lucrative one? Kennedy has led the charge against the CBA’s plan (seemingly a charge of one because, hey, it’s hard getting folks excited about radio waves), pushing instead for a public auction run by the FCC. Though he may have a point, it was somewhat diluted by his supplemental remark that proceeds from the auction “would solve all of the president’s [border] wall problems.” Perhaps a coincidence, after Kennedy stumped at a Trump rally in his home state last week in support of Republican gubernatorial candidate Eddie Rispone, the FCC changed its tune. On Monday, Pai Tweeted that he supports a public auction, citing that it would “afford all parties a fair opportunity to compete for this 5G spectrum,” limiting the litigation risk that a private auction may have presented. This is bad news mostly for the CBA crew. The U.S. wireless carriers would obviously like to get their hands on this spectrum sooner rather than later and have a bigger say over the process (Verizon especially, given that it’s focused so far on finicky millimeter wave spectrum). But for the heavily indebted Intelsat, it’s a far bigger inconvenience. The company’s stock has plummeted more than 50% this week, while SES dropped 24%.There’s more to come on this matter, but so far the supposed race to 5G looks more like an exhausting obstacle course. To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Intelsat Shorts Stick to Positions Even After Record 75% Wipeout
    Bloomberg

    Intelsat Shorts Stick to Positions Even After Record 75% Wipeout

    (Bloomberg) -- Short sellers are betting that Intelsat shares have further to fall even after a record slump this month erased more than 75% of the satellite company’s market value.About 15.4 million shares were on loan to bears on Tuesday, up from 15.1 million at the end of October, according to data from S3 Partners. Short sellers are sitting on more than $250 million in paper gains but don’t appear to be cashing in yet, according to Ihor Dusaniwsky, S3’s managing director of predictive analytics.“As a good short seller, you ride out your profits and that’s what it looks like they’re doing,” Dusaniwsky said. “They’re holding on and looking for the stock to go down even further.”That strategy has paid off so far for bears. Intelsat has fallen 7 out of the last 8 trading sessions. The stock sank as much as 31% on Tuesday after Wall Street analysts slashed their price targets after FCC Chairman Ajit Pai rejected a plan to raise billions of dollars by selling spectrum in a private sale. Intelsat needs money to pay down its debt of more than $14 billion. A public auction could reduce its share of the proceeds.Intelsat investors have been on a wild ride over the past year and a half, with shares rising from less than $5 in March 2018 to more than $37 by October. Much of those gains held this year as the FCC considered the proposed airwaves sale.Even now, not everyone is bearish. Cowen analyst Lance Vitanza defended Intelsat on Tuesday, calling the sell-off an “over-reaction.”“The critical question in our view isn’t ‘public vs. private’ but rather do we or don’t we have the cooperation we need to streamline a path toward an auction in 2020,” Vitanza wrote in a note to clients. “While initial reactions may have suggested otherwise, we base our investment thesis on our expectation that ultimately, cooler heads will prevail.”\--With assistance from Joshua Fineman.To contact the reporter on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.netTo contact the editor responsible for this story: Catherine Larkin at clarkin4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • FCC Chairman Calls for Public Auction of C-Band Airwaves
    Bloomberg

    FCC Chairman Calls for Public Auction of C-Band Airwaves

    (Bloomberg) -- Intelsat SA had its worst two-day rout and SES SA plunged as investors assessed the satellite providers’ prospects after a key regulator rejected their plan to raise billions of dollars by selling airwaves in a private auction.Federal Communications Commission Chairman Ajit Pai instead called for a public auction, something that could reduce the companies’ share of the proceeds.The satellite providers want to sell some of the airwaves they now use to deliver video to TV stations to raise cash. The companies have concluded they no longer need all the spectrum they have acquired over the years.Meanwhile, the frequencies are coveted by fast-growing mobile providers eager to build the next generation of wireless, 5G networks.Intelsat and SES called Pai’s plan “a significant departure” that “does not address the critical involvement of the incumbent satellite operators.” They said they would work with the FCC to seek an alternative.Heavily indebted Intelsat fell more than 50% over two days to trade for a time below $6 on Tuesday; it had traded above $37 last year as the FCC considered the companies’ proposed airwaves sale.Intelsat needs money to pay down its debt of more than $14 billion. Intelsat shares fell as much as 31% Tuesday on Tuesday and were off 18% at $6.62 at 11:51 a.m. in New York trading. They dropped 40% on Monday.SES also needs to cut debt ahead of a jump in capital spending expected in 2021, according to Bloomberg Intelligence. SES stock fell 23% in Paris, while its EU500m 2027 notes fell the most since pricing in late October. SES 5-year senior credit default swaps widened 19 basis points to 90 basis points, the most since 2009.Pai said the sale should free airwaves for 5G wireless use, do so quickly and generate revenue for the U.S. government. He didn’t say if any proceeds would be earmarked for the companies. The FCC could vote to adopt the plan early next year.“I’ve concluded that the best way to advance these principles is through a public auction,” Pai said in a tweet.Pai’s announcement sent a ripple through the telecommunications industry. Pai’s move could be seen as “bad news” for Verizon Communications Inc., which urgently needs spectrum and might have benefited from a faster, private sale the satellite companies had proposed, Bloomberg Intelligence analyst John Butler said in a note Tuesday.Verizon Executive Vice President Craig Silliman said in a statement that it’s “critical that the FCC move quickly.”The satellite providers’ plan provoked opposition among lawmakers who expressed concern about European companies profiting from the sale of U.S. airwaves, including Senator John Kennedy, a Louisiana Republican who said he called President Donald Trump to raise an alarm. Trump called Pai on Oct. 30 and while the issue was discussed, the president didn’t direct the agency on what to do, said an FCC official who spoke on condition of anonymity.Kennedy told reporters that Pai was “putting both the American taxpayer and our 5G effort first” with Monday’s announcement.Also Monday, leading Republicans introduced legislation requiring a C-band sale to begin by the end of next year, with taxpayers getting at least 50% of the airwaves’ market value.FCC officials declined to discuss what portion of sales the satellite companies might get under a public auction. They said the agency intends to begin the sale in 2020.JPMorgan said in a note that it appears “the private auction process is officially dead, but there is still no consensus of how to get to a public auction.”An array of Intelsat notes sank on the news, with some 2025 maturities hitting their lowest level in more than a year and a 2024 bond setting an all-time low.Intelsat bonds plunged to new lows across its maturities as uncertainty continued to weigh on the debt. Its 7.75% bonds due June 2021 fell 11.5 cents on the dollar to 73.5 cents and its 8.125% notes due June 2023 dropped 9 cents on the dollar to 52.75%. Both sets of bonds yield more than 30%.On Nov. 15, the C-Band Alliance group made up of Intelsat, SES and Ottawa-based Telesat offered to voluntarily pay the U.S. Treasury 30% to 75% of the take from a private sale.The airwaves in question are in the 3.7 gigahertz-to-4.2 gigahertz area of spectrum, known as the C-band. Intelsat and SES dominate that patch of airwaves, which are considered well-suited for 5G networks.Proponents say the frequencies are needed to help the U.S. beat China in a so-called race to 5G. The alliance that includes Intelsat and SES said its proposal would be quicker than an FCC-run auction.\--With assistance from Susan Decker.To contact the reporters on this story: Todd Shields in Washington at tshields3@bloomberg.net;Allison McNeely in New York at amcneely@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    Analysts React To FCC Decision On Intelsat C-Band Spectrum Auction

    Intelsat SA (NYSE: I) shares tanked another 20% on Tuesday after Federal Communications Commission Chairman Ajit Pai publicly declared his support for Congress to hold public auctions for Intelsat’s C-Band spectrum. Intelsat and other spectrum holders have been pushing to hold a private auction for their spectrum, which would potentially take place much sooner than a public alternative. The proposed Senate bill would require sellers to turn over at least 50% of the proceeds from the spectrum sale to the FCC.

  • Barrons.com

    Intelsat Stock Falls Further on Spectrum Auction. It’s Bad News for Verizon, Too.

    FCC Chairman Ajit Pai wants a public auction of a portion of the C-Band radio spectrum now controlled by a group of satellite-communications companies for re-use by telecom carriers in their 5G networks.

  • MarketWatch

    SES shares tumble 20% after FCC chairman voices support for public airwaves sale

    Shares of SES SA FDR tumbled 21% on Tuesday, a day after Federal Communications Chairman Ajit Pai said via Twitter that he would back a public auction to free up spectrum for 5G. Luxembourg-based satellite companies SES and Intelsat SA were lobbying for a private auction of the so-called C-band spectrum, used to deliver videos and radio programs to U.S. households. The FCC wants to free it up for carriers to bid on as 5G service gears up. Pai said the agency wants to make C-band spectrum available quickly for 5G and also must generate revenue for the government, saying the best way forward is an auction of 280 megahertz of the C-band. Intelsat shares plunged 40% on Monday.

  • Barrons.com

    Intelsat Tumbles Again After the FCC Chairman Backs a Public Auction for 5G Spectrum

    A key federal regulator is pushing back on the satellite industry’s plan to auction wireless spectrum for 5G networks.

  • FCC chief backs public auction for 5G spectrum, sending satellite stocks reeling again
    MarketWatch

    FCC chief backs public auction for 5G spectrum, sending satellite stocks reeling again

    The head of the Federal Communications Commission on Monday sided with some vocal lawmakers and disappointed three satellite companies, as he said that he supports a public auction of radio spectrum rather than the companies’ plan.

  • Business Wire

    C-Band Alliance Responds to Announcement by Federal Communications Commission Chairman Regarding the C-Band Spectrum Proceeding

    The C-Band Alliance (“CBA”), comprised of the leading global satellite operators Intelsat (NYSE:I), SES (Euronext Paris: SESG), and Telesat, responded today to an announcement by the Chairman of the Federal Communications Commission (“FCC”) that he intends to pursue a public auction to clear the satellite spectrum currently licensed to the members of the C-Band Alliance. The announcement does not address the critical involvement of the incumbent satellite operators in executing the complex task of reconfiguring and transitioning their networks.

  • ‘Give away $60 billion’ to foreign companies? The ‘America First’ Trump administration faces a tricky 5G choice
    MarketWatch

    ‘Give away $60 billion’ to foreign companies? The ‘America First’ Trump administration faces a tricky 5G choice

    A big step in U.S. 5G deployment could take place next month, as the FCC could back a proposal from the satellite industry for auctioning off radio spectrum. But some lawmakers don’t like the plan, and satellite stocks have slumped this week.

  • Barrons.com

    Intelsat Stock Rebounds After Satellite Firms File Plan for Spectrum Auction

    The stock had been cut in half amid concern that a plan to sell radio spectrum for use in 5G networks could be delayed for years.