Intelsat S.A. (I) Shares Active after Upgrade at RBC Capital Markets

Intelsat S.A. (NYSE: I) shares rose in value on Wednesday January 25 on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Meanwhile, the Dow Jones Industrial Average on Wednesday crossed the 20,000 level for the first time, while the S&P 500 and Nasdaq Composite also traded in record territory shortly after the market opened

The Dow Jones Industrial Average DJIA, +0.60% advanced 100 points, or 0.5%, to 20,012,
The S&P 500 index SPX, +0.55% gained 10 points, or 0.5%, to 2,289, with eight of the main 11 sectors trading higher.

The Nasdaq Composite index COMP, +0.66% was 30 points, or 0.6%, higher at 5,630.

All three main indexes set intraday records shortly after the opening bell.

Analysts at RBC Capital Markets upgraded shares of Intelsat S.A. (NYSE: I) from Sector Perform to Outperform today. The company currently has a rating of Outperform on the shares. The one-year price target of $2.06 is a decrease compared to the opening price of $3.36, resulting a number of other analysts to issue statements on the company recently. Looking back over the last 52 weeks, Intelsat S.A. stock has a high of $4.50. Share prices sometimes get a boost to the upside when analysts upgrade a stock.

Yesterday Intelsat S.A. (NYSE: I) shares last traded at $3.24, which is a spike of $0.12 from the previous closing price. Opening at $3.36, they varied from $3.20 and $3.36 throughout the day.

Intelsat S.A. (NYSE: I) currently has a market cap of 381.67M.

Intelsat S.A. (NYSE: I) Average Daily Trading Volume

The stock’s average daily volume is 382,790 shares out of a total float 38,563,000 and some 276,448 shares traded hands yesterday, 67 percent below the norm. lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.

However, a single day of heavy buy side trading is not enough to assert a trend. As such, market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These professional investors have substantial teams of analysts that investigate thousands of stocks, so it is good confirmation to see them taking a postion in a stock you are considering.

Intelsat S.A. (NYSE: I) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.

Trades for Intelsat S.A. (NYSE: I) have ranged from $1.44 – 4.50, and the stock now has a 50-day MA of $3.00 and 200-day MA of $2.89. Today’s last price is 28.00%% under the 52 week high of $4.50.

Earnings growth is a critical factor to consider when investing in stocks and investors seek companies that have grown their earnings by at least 25% over 3 consecutive years.

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