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home / news releases / I - Why Intelsat Stock Just Dropped Another 14%

I - Why Intelsat Stock Just Dropped Another 14%

Intelsat S.A.

Things just keep getting worse for investors in Intelsat (NYSE: I).

On Wednesday, the stock got banged up in response to an analyst downgrade from J.P. Morgan, which warned that congressional interference in the sale of Intelsat's wireless C-band spectrum to 5G internet providers could delay the company's monetization of that asset -- and yield smaller profits.

Today, the carnage continued, with shares falling a further 14% through 10:25 a.m. EST.

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Stock Information
Company Name: Intelsat S.A.
Stock Symbol: I
Market: NYSE
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