Intelsat S.A. I was a big mover last session, as the company saw its shares rise above 10% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 54% in the past one-month time frame.
In the last 30 days, the company has seen two upward estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for Intelsat. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Intelsat currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked Satellite and Communication stock is DigitalGlobe, Inc. DGI, which sports 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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