I - Intelsat S.A.

NYSE - NYSE Delayed Price. Currency in USD
-0.24 (-3.30%)
At close: 4:00PM EST
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Previous Close7.27
Bid7.05 x 3100
Ask7.08 x 1000
Day's Range7.00 - 7.32
52 Week Range5.55 - 27.29
Avg. Volume7,761,655
Market Cap991.23M
Beta (5Y Monthly)1.24
PE Ratio (TTM)N/A
EPS (TTM)-6.52
Earnings DateFeb 17, 2020 - Feb 23, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est18.45
  • Introducing Intelsat (NYSE:I), The Stock That Zoomed 164% In The Last Three Years
    Simply Wall St.

    Introducing Intelsat (NYSE:I), The Stock That Zoomed 164% In The Last Three Years

    Intelsat S.A. (NYSE:I) shareholders might understandably be very concerned that the share price has dropped 72% in the...

  • Value Hedge Fund Arbiter Partners Capital Management’s Top Stock Picks
    Insider Monkey

    Value Hedge Fund Arbiter Partners Capital Management’s Top Stock Picks

    New-York based Arbiter Partners Capital Management was founded by Paul J. Isaac back in 2001. Mr Isaac holds a BA from Williams College with Highest Honors in Political Economy. Previous to launching his own fund, he worked in Cadogan Management, as the firm’s CEO, Managing Director and Director. In his long career at Mabon, Nugent & […]

  • Bloomberg

    C-Band Analyst Says Spectrum Auction May Net $50 Billion

    (Bloomberg) -- Robust demand for mid-band spectrum across the globe could prove a key indicator that some investors may be undervaluing the C-Band opportunity in the U.S.According to New Street Research, a domestic C-Band spectrum sale could find satellite operators conservatively netting proceeds of about $50 billion. That positive view stems from Taiwan’s recent auction of the 3.5GHz band, where New Street said the bids were “blowing away expectations.”At hand is the international race among governmental bodies to become the leader of 5G, and in the U.S. investors backing the C-Band Alliance want top dollar for giving up its frequencies to enable the technology. But when Federal Communications Commission Chairman Ajit Pai rejected the group’s long-sought-after hopes of a private auction in November, investors were left perplexed at what Intelsat SA and SES SA could reap from a public sale of the airwaves.The Taiwanese bids set a new bar of $0.51 per megahertz pop, which New Street Research analyst Vivek Stalam says is $0.10 above the previous high reached during Italy’s mid-band spectrum sale in 2018. Stalam, who holds a buy rating and $34 price target on Intelsat, believes “the backdrop for the Taiwanese market structure and auction rules are more supportive for U.S. C-Band auction pricing.”Read more: Intelsat Spectrum Payout Stalls in Congress, Pushing It to FCCThe domestic market structure, with three well-capitalized wireless service providers, will likely find Verizon Communications Inc., AT&T Inc. and T-Mobile U.S. Inc. aggressively bidding for approximately 100MHz each, Stalam wrote in a research note. And new entrants, like Dish Network Corp., and interested cable operators could “drive pricing higher as they seek to enter the industry,” he added.Intelsat shares have risen 23% since a mid-December bottom, though they remain 73% lower than their yearly high, reached almost three months ago.While the FCC still can transition the sale of C-band spectrum without Congress, Bloomberg Intelligence litigation and government analyst Matthew Schettenhelm says Republican lawmakers “may be inclined to support a new law because it could clarify the FCC’s power to compensate the satellite incumbents, including Intelsat.” And “without that clarification, the FCC would face a higher risk of lawsuits,” he wrote.(Adds context in third paragraph, updates share move in sixth graph.)\--With assistance from Joshua Fineman.To contact the reporter on this story: Kamaron Leach in New York at kleach6@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott Schnipper, Jeremy R. CookeFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • How Did Intelsat S.A. (I) Compare Against Hedge Fund Darlings in 2019?
    Insider Monkey

    How Did Intelsat S.A. (I) Compare Against Hedge Fund Darlings in 2019?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]

  • Intelsat (I) Tanks in 2019: A Value Stock or a Value Trap?

    Intelsat (I) Tanks in 2019: A Value Stock or a Value Trap?

    Despite a dismal stock performance in 2019, Intelsat (I) is likely to script a turnaround in the near future with inherent growth potential.

  • Intelsat (I) Catches Eye: Stock Jumps 8.9%

    Intelsat (I) Catches Eye: Stock Jumps 8.9%

    Intelsat (I) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

  • Intelsat’s Battered Investors Defy Risk With Bets on C-Band Sale

    Intelsat’s Battered Investors Defy Risk With Bets on C-Band Sale

    (Bloomberg) -- A catastrophic November for Intelsat SA hasn’t scared off bulls clinging to hopes the satellite operator will score a big payday selling wireless spectrum to cell phone companies.Despite losing more than three-quarters of its value last month after being dealt a blow by the Federal Communications Commission, nearly half of Intelsat analysts tracked by Bloomberg still have buy ratings.At the heart of their optimism is a belief the market is taking too dim a view of the company’s prospects to cash in on the sale of so-called C-band radio spectrum, which it controls -- or thought it did. Satellite operators suffered an interstellar sucker punch last month when the FCC got in the way of their plan to sell the bandwidth directly to mobile phone operators, raising the prospect of a public auction process in which the government gets almost all the money.It’s the kind of risk you take betting on companies as heavily regulated as Intelsat, which went public in 2013, a half century after being formed as a governmental consortium hitched to President John F. Kennedy’s space-race ambitions. Bulls on the stock think the lion’s share of the cash generated by the spectrum sale will still filter back to Intelsat.“We think the spectrum is going to go for a much higher price than folks realize,” said Vivek Stalam, a New Street Research LLC analyst whose $34 price target is the highest on Wall Street. “Some folks think in a public auction process the majority of the proceeds go to the government. We simply think that’s not the case.”The airwaves in question are now being used to deliver video to TV stations but are coveted by mobile communications providers who aim to use the spectrum to build the next generation of wireless networks, known as 5G. Intelsat and its partners laid out a plan sell those assets in a privately run auction, which they argued would ensure a faster sale.That plan was shot down on Nov. 18 in a tweet by FCC chairman Ajit Pai, who has faced congressional pressure to avoid creating too big a payday for the satellite firms. Instead of a direct sale, Pai is proposing a public process that could result in almost all of the money going into government coffers, except for payments to adjust to the new use of the airwaves.Pai pledged to get the auction started in 2020. The FCC could provide a detailed proposal on the process in time for a vote at its next monthly meeting on Jan. 30. Such a move usually is followed by a months-long rulemaking process to answer procedural questions.In general, analysts who say Intelsat is a buy at its current level, around $6, are arguing that denying satellite operators proceeds of the spectrum sale is unfair and impractical. Too much work is needed to free the space up for mobile network operators, and unless those firms are paid, it will never get done, according to Adrian Keevil, a partner at Plustick Management, which holds Intelsat shares.“We needed this C-Band spectrum yesterday,” Keevil said in an interview. Setting the bandwidth up for terrestrial use, a process known as clearing, “is an enormously complex undertaking, especially while ensuring the networks don’t have any service interruptions,” he said.Without the participation of satellite companies like Intelsat and SES SA, it’s “impossible to imagine” the C-Band being freed up, said Keevil.If the satellite companies don’t like what they get, they’ll “say we’re not going to do the clearing,” said New Street’s Stalam. That would force the FCC to delay the auction or conduct it with “an incredible amount of uncertainty” about how the spectrum would be cleared, likely resulting in auction proceeds at a fraction of the amount expected under the original plan, he said.Intelsat declined to comment on that scenario and remains optimistic the FCC’s plan to hold a public auction for the airwaves, rather than a private one, can be fair to satellite companies while enabling 5G in the U.S.“Now that the FCC is moving forward with a public auction, the auction should be conducted in a way that the full value of the spectrum is realized, and in a manner that the satellite operators which hold the licenses and have invested billions in the band are treated fairly and incentivized to clear the band quickly and safely,” said Dianne Van Beber, vice president of investor relations for Intelsat.Congress may still be heard from in the debate. It has the power to dictate FCC moves, and is showing interest. A bill that would limit the companies’ payout to half the value of the airwaves cleared an initial vote with Republican support in the Senate Commerce Committee on Dec. 11, overcoming Democratic objections that the measure still left room for billions of dollars to go to the non-U.S. satellite providers. The bill needs additional votes before becoming final.While other satellite companies like SES also have a lot riding on the sale, Intelsat’s shares are the most sensitive to expectations around the event. That’s mainly a function of the Luxembourg-based company’s more than $14 billion debt load. Intelsat has pledged to use a portion of the proceeds to pay down that debt.Intelsat began as the International Telecommunications Satellite Organization in the 1960s, providing broadcast services through a network of satellites. The intergovernmental consortium was privatized in 2001 and merged with rival PanAmSat in 2006. Intelsat went public in 2013 with a market capitalization of $1.9 billion.While bulls anticipate auction proceeds could exceed $50 billion, others are less optimistic about what companies like Verizon Communications Inc. and AT&T Inc. will be willing to pay. That’s partly because there isn’t a clear path to the sale, according to JPMorgan analyst Philip Cusick. He expects an auction could generate around $30 billion but he’s skeptical that it will be completed in a timely fashion.“The underlying problem is there’s no one on the government side -- the White House, the FCC or Congress -- who is empowered to stand up and say this is what we need,” said Cusick, who has a neutral rating on Intelsat and $9 price target. “We’re going to do a public auction, but how are we going to do that? Nobody knows as far as I can tell.”That uncertainty has attracted short sellers, who have continued to add to bearish positions even after the rout in mid-November. Short interest has increased to 30% of shares available to trade, up from 23% on Nov. 19, according to financial analytics firm S3 Partners.Another wrinkle is that Intelsat’s core business is in decline. Sales have fallen in four of the past five years and are expected to contract another 5% this year. Intelsat gets the bulk of its revenue from media distribution and network connectivity services. Those two businesses accounted for 80% of Intelsat’s revenue in the third quarter.\--With assistance from Todd Shields.To contact the reporters on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.net;Joshua Fineman in New York at jfineman@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Chris NagiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Options Traders Expect Huge Moves in Intelsat (I) Stock

    Options Traders Expect Huge Moves in Intelsat (I) Stock

    Investors need to pay close attention to Intelsat (I) stock based on the movements in the options market lately.

  • David Tepper Trims UnitedHealth, Exits Intelsat

    David Tepper Trims UnitedHealth, Exits Intelsat

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

  • 2 Falling Knives for Investors to Consider

    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?

    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

    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

    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

    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

    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

    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.