Commodity Channel Index
|Bid||0.0000 x 900|
|Ask||0.0000 x 2900|
|Day's Range||0.3810 - 0.4550|
|52 Week Range||0.1300 - 27.2900|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 15, 2020 - Jun 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.99|
NEW YORK, NY / ACCESSWIRE / May 26, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Intelsat S.A. ("Intelsat" or "the Company") (NYSE:I) on behalf of shareholders who purchased Intelsat securities between November 5, 2019 and November 18, 2019, inclusive (the ''Class Period''). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The Complaint alleges that throughout the Class Period, defendants made false and misleading statements to the market.
If you suffered a loss on your Intelsat investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, via email email@example.com or visit our website at www.glancylaw.com to learn more about your rights. On November 5, 2019, unbeknownst to investors, Intelsat had met with the Federal Communications Commission (FCC) to discuss the private sale of certain wavebands controlled by Intelsat for future "5G" use (the "C-Band") and that the FCC opposed Intelsat’s then-existing proposal, instead favoring a public auction rather than private sale of the C-Band.
NEW ORLEANS, May 25, 2020 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.
NEW YORK, NY / ACCESSWIRE / May 25, 2020 / Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of I ntelsat S.A. (NYSE:I) between November 5, 2019 and November 18, 2019, ...
NEW ORLEANS, May 22, 2020 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.
The COVID-19 coronavirus outbreak has sent global markets into bear territory and economies into recession. And as the pandemic stretches on, it's inducing a growing number of bankruptcy filings.Though, in most cases, COVID-19 has simply acted as the straw that broke the camel's back.Consider the retail industry, which has endured a particularly difficult past two months. Most "non-essential" retailers are feeling the pain, However, those that were already overloaded with debt, as well as suffering from long-term declines amid changing tastes and Americans' swelling adoption of online shopping, have been pushed over the edge.But it's not just retail. COVID-19 is forcing companies across several industries to seek out Chapter 11 bankruptcy protection and other types of relief. Consider the energy sector, where the oil declines of 2014-16 weakened a number of exploration and production companies, only to have coronavirus-sparked demand slumps finish off the job. Financially wobbly companies in the restaurant and entertainment industries are starting to collapse, too.Just remember: Bankruptcy filings aren't always "the end." In many cases, Chapter 11 reorganizations and other maneuvers help companies shed significant amounts of debt, allowing them to continue operating as they try to find a new way forward. That said, COVID-19 is threatening to knock a few well-known brand names out of existence entirely.Here are 14 companies whose recent bankruptcy filings can be chalked up to the COVID-19 outbreak. In most cases, these businesses were already showing signs of financial duress - the coronavirus merely delivered the coup de grâce. SEE ALSO: 21 Stocks Warren Buffett Is Selling (And 1 He Bought)
Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors who purchased Intelsat S.A. ("Intelsat" or the Company") (NYSE: I) shares between November 5, 2019 and November 18, 2019 inclusive (the "Class Period).
WELLINGTON, Fla., May 21, 2020 -- Barbuto & Johansson, P.A. (“BARJO”) and Of Counsel, Neil Rothstein, Esq. (with over 30 years of Securities Class Action experience,.
Intelsat today launched a new managed service that can help U.S. mobile operators expand 4G and 5G broadband coverage to rural America.
As the foundational architects of satellite technology, Intelsat operates the world’s largest and most advanced satellite fleet and connectivity infrastructure. We apply our unparalleled expertise and global scale to connect people, businesses, and communities, no matter how difficult the challenge. Intelsat is uniquely positioned to help our customers turn possibilities into reality – transformation happens when businesses, governments, and communities use Intelsat's next-generation global network and managed services to build their connected future. Learn more at Intelsat.com.
LOS ANGELES, CA / ACCESSWIRE / May 20, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Intelsat S.A. ("Intelsat" or "the Company") (NYSE:I) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 5, 2019 and November 18, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before June 8, 2020.
Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to firstname.lastname@example.org.
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Intelsat S.A. ("Intelsat" or the "Company") (NYSE:I) of the June 8, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
CEDARHURST, N.Y., May 19, 2020 -- The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of the following publicly traded companies. Mesa.
NEW YORK, NY / ACCESSWIRE / May 19, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...
NEW YORK, May 18, 2020 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Intelsat S.A. (NYSE: I) between November 5, 2019 and.
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Intelsat S.A. (NYSE: I) between November 5, 2019 and November 18, 2019, inclusive (the "Class Period") of the important June 8, 2020 deadline in the class action. The lawsuit seeks to recover damages for Intelsat investors under the federal securities laws.
Intelsat (NYSE: I) warned Congress it might go bankrupt, and now it has. Satellite communications company Intelsat, the stock of which rocketed to nearly $35 a share on hopes it would reap tens of billions of dollars in "spectrum" cash in late 2018, currently trades for less than $0.50 a share after the company announced Wednesday evening that it has filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. As the company explained, in order to pay the cost of "clearing of C-band spectrum under the Federal Communications Commission order in support of a build-out of 5G wireless infrastructure in the United States" -- a necessary step preparatory to the FCC auctioning off C-band spectrum that is currently leased to Intelsat to other companies that want to use it -- Intelsat needs to raise $1 billion.
Intelsat (I) expects the Chapter 11 bankruptcy protection funding to help it stay afloat until billions of dollars are made available through public auctioning of its C-band spectrum later this year.
Global satellite operator Intelsat has voluntarily filed for Chapter 11 bankruptcy protection, the company announced late on Wednesday. Intelsat has attempted to position this as a positive moment that sees it embark on a "financial restructuring" project to enable its future growth, but a bankruptcy filing is seldom cause for celebration. Intelsat notes that its current plan involves no changes to the day-to-day operation of the company, or any reduction in headcount.
Intelsat SA (NYSE: I) has filed for bankruptcy protection and obtained a commitment of $1 billion in debtor-in-possession financing to help it participate in an upcoming federal airwave auction in December.What Happened The satellite operator, which is saddled with a debt of $14.5 billion, is turning to financial restructuring through Chapter 11 bankruptcy. It aims to take advantage of a planned Federal Communications Commission auction of spectrum, currently in use by satellite operators. The FCC wants to repurpose this spectrum for 5G networks.Intelsat stated that to meet FCC clearing deadlines and be eligible to receive $4.87 billion of accelerated relocation payments, it needs to spend more than $1 billion moving existing customers from airwaves, which must commence immediately.Why It Matters According to the WSJ, Intelsat is struggling due to intense competition from rivals and slowdown in the airline and cruise ship segments. The company's satellites are used to provide Wi-Fi services on planes and cruise ships.SoftBank Group Corp. (OTC: SFTBY) had tried to merge its U.S. Satellite firm OneWeb Global Ltd with Intelsat, but the bid was scuttled by Intelsat's creditors. The auction proceeds would only reduce Intelsat's debt by a small fraction. The company's subsidiary, Jackson Holdings SA, failed to make a $125 million interest payment last month, reported the WSJ.Price Action Intelsat shares traded 2.91% higher at $0.81 in the after-hours session on Wednesday. The shares had closed the regular session 18.01% lower at $0.79.See more from Benzinga * Trump Surprised By Fauci's Senate Hearing Comments, Calls Them Not 'Acceptable' * Toyota Sees Coronavirus Silver Lining, Says It Became More Productive * Tesla Employees Who Choose To Stay Home Might Not Receive Unemployment Benefits, Internal Email Says(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(Bloomberg) -- Intelsat SA, the satellite company weighed down by almost $15 billion of debt, filed for bankruptcy protection as part of efforts to raise cash needed to prepare its spectrum for a U.S. government auction.With its Chapter 11 filing in Virginia, the Luxembourg-based company said it lined up $1 billion in financing to fund operations during bankruptcy proceedings and make investments required ahead of the auction.Under rules set by the Federal Communications Commission, Intelsat may collect $4.86 billion for quickly giving up the so-called C-band spectrum so the airwaves can be used by mobile phone companies to provide 5G services. The satellite company uses the spectrum to beam TV and radio programs to stations, but can give up part of it while still serving customers on frequencies it retains.“We intend to move forward with the accelerated clearing of C-band spectrum in the United States and to achieve a comprehensive solution that would result in a stronger balance sheet,” Stephen Spengler, Intelsat CEO, said in the statement.Intelsat had pushed for a bigger payout, but ran into political and regulatory opposition. Among the most strident critics was Senator John Kennedy, a Louisiana Republican, who said foreign operators such as Intelsat shouldn’t reap a windfall for selling U.S. airwaves. Payments to satellite operators should be limited to $1 billion, he said.The rest would go to the U.S. Treasury. In January, the FCC signaled that it would limit payments to Intelsat and the other major holder of the airwaves, SES SA. The next month, David Tepper’s hedge-fund firm Appaloosa Management reported an activist stake and called for Intelsat to reject the commission’s plan.Intelsat had until May 29 to tell the FCC whether it would accept the payments and quickly clear the airwaves. Filing for bankruptcy gives Intelsat the chance to ask a judge to put any dispute with the FCC on hold, according to Bloomberg Intelligence analyst Negisa Balluku.Under U.S. bankruptcy rules, legal fights are typically halted until the company has a chance to reorganize. One exception involves court battles with state and federal regulators acting in the public interest.In April, Intelsat skipped an interest payment and began talking to investors, including existing stakeholders, about financing options. The company needs to spend around $1.6 billion to clear the C-band spectrum, of which $1.2 billion will come due by next year, according to Chapter 11 filings. It had about $800 million of cash at Dec. 31.The case is Intelsat S.A., 20-32299, U.S. Bankruptcy Court, Eastern District of Virginia (Richmond).(Updates with debt amount in first paragraph and spending on C-band clearance in last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Satellite firm Intelsat SA (I) sunk 18% in Wednesday’s trading as the company announced that it has undergone financial restructuring to “position the company for long-term success.” Shares have plunged 89% year-to-date.Intelsat and certain subsidiaries have now filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division. Intelsat General (IGC) is not part of the Chapter 11 proceedings.In the meantime, Intelsat’s day-to-day operations and capital investments will continue as usual, says the company. It also announced that it has secured a commitment for $1 billion of debtor-in-possession financing.According to the statement, the restructuring process will improve Intelsat’s liquidity and substantially reduce its legacy debt burden. This will allow “for Intelsat to emerge with a strengthened balance sheet to complement its strong operating model and future growth plans.”One of the primary catalysts for restructuring the balance sheet now is to meet the FCC’s accelerated clearing deadlines in support of a build-out of 5G wireless infrastructure in the US.For Intelsat to meet this deadline, and ultimately be eligible to receive $4.87 billion of accelerated relocation payments, the company needs to spend over $1 billion on clearing activities. These clearing activities must start immediately, long before costs begin to be reimbursed, says Intelsat.The company is also managing the economic slowdown impacting several of its end markets caused by the Covid-19 global health crisis. Indeed, I has received four analyst downgrades in the last three months, giving the stock a Moderate Sell consensus.The $0.75 average price target indicates further downside potential of 5%, with Goldman Sachs’ Brett Feldman citing Intelsat’s exposure to the cruise-ship, aviation, and traditional media businesses as cause for concern. (See I stock analysis on TipRanks).Related News: Twitter Won’t Reopen Offices Before Sept., Allows Permanent Work From Home Intel, Taiwan Semiconductor Said to Be in Talks with Trump to Build U.S. Plants Uber Announces $750M Notes Offering, As GrubHub Takeover Reports Swirl More recent articles from Smarter Analyst: * Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness * Starbucks Regains Almost Two-Thirds Of U.S. Same-Store Sales As Stores Reopen * Amazon Launches Food Delivery Services In India - Report * Nutanix Stock Up 12% On Cloud Infrastructure Deal