- Intelsat (NYSE:I) is down 1.5% today as Credit Suisse downgrades shares to Underperform, from Neutral, and cuts its price target to $11, from $21. Intelsat is currently trading at $12.64.
- On Wednesday, Jefferies cut its price target for Intelsat to $12.50 from $17.50. The firm maintained its hold rating.
- The satellite company traded off on Monday as well after downgrades by Nomura and BofA.
- Shares have lost 27% over the past 10 days since reporting earnings.
- Previously: Intelsat swings to profit for 2014 (Feb. 18 2015)