Stock Alert: Intelsat S.A. Touches New Low

(RTTNews) - Shares of Intelsat S.A. (I) are currently trading down more than 24% at $4.10, after touching its 52-week low of $3.91. The stock lost more than 80% in the past one year.

When it reported third-quarter results, revenue was 6% down year-over-year at $506.7 million. Net loss per share, however, narrowed to $1.05 from $2.74 in the same quarter a year ago.

For the full-year 2019, revenue is expected in the range of $2 billion- $2.06 billion. The Street expects the company to report revenue of $2.05 billion. Fourth-quarter earnings results are expected to be reported on February 19.