- Intelsat (NYSE:I) has seen choppy trading so far, now -4.1%, as it's come in for downgrades.
- Nomura has downgraded the stock to Neutral, from Buy, and lowered its price target to $13 from $26. Shares are currently trading at $12.65.
- Bank of America has downgraded shares as well, to Neutral.
- Intelsat will give a presentation at Raymond James' Institutional Investors Conference Monday afternoon.