Intelsat S.A. (I - Free Report) was a big mover last session, as the company saw its shares rise nearly 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent trend for the company—as the stock is now up 25.7% in the past one-month time frame.
The move came after reports that the company was going to team up with Intel and would seek would seek to have the Federal Communications Commission permit land-based mobile providers to collaborate with satellite service providers to offer 5G service in the midband spectrum.
The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Intelsat currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Intelsat S.A. Price and Consensus
A better-ranked stock in the Satellite and Communication industry is Eutelsat Communications (EUTLF - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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