Jefferies Initiates Intelsat At Hold

Analysts at Jefferies initiated coverage on

with a Hold rating. The target price for Intelsat is set to $17.50. Intelsat shares have dropped 23.41% over the past 52 weeks, while the S&P 500 index has gained 9.45% in the same period. Intelsat's shares rose 0.12% to close at $16.78 yesterday.