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Analysts slash Intelsat targets after auction disappointment Nov. 18, 2019 6:56 PM ET|About: Intelsat S.A. (I)|By: Jason Aycock, SA News Editor Intelsat (NYSE:I) is absorbing analyst cuts to their price targets after FCC Chairman Ajit Pai punctured the company's ambitions for a private auction of midband satellite spectrum. That route is "officially dead," JPMorgan says, while noting that there's "still no consensus on how to get to a public auction." Analyst Philip Cusick will be looking to the agency to explain the legal rationale for a public auction, and cautions that if the FCC and C-Band Alliance can't "find a path forward," the auction may not even make the January schedule. He's keeping his Neutral rating but cutting the price target to a Street-low $9 from $22; Intelsat closed down 40.1% to $8.03 today and is 3.1% lower after hours (quoting at $7.78). Evercore sees less attractive risk-reward as well and slashed its price target to $11, from $38. Fellow C-Band Alliance member SES (OTCPK:SGBAF) fell 5.2%. |
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| aus der Diskussion: | SES GLOBAL FDR A - Die Satelliten-Aktien |
| Autor (Datum des Eintrages): | Andrija (19.11.19 09:22:03) |
| Beitrag: | 545 von 1,013 (ID:61956908) |
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