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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:41 EDTIIntelsat sees FY14 CapEx $575M-$650M consistent with prior guidance
Sees 2015 CapEx $775M-$850M consistent with prior guidance. Sees FY16 CapEx $625M- $700M. The company said, "CapEx guidance for 2014 and 2015 assumes investment in nine satellites in the manufacturing or design phase during the guidance period. We expect to launch four satellites in FY14 and FY15, two satellites in FY16, and will continue work on three remaining satellites for which construction will extend beyond the Guidance Period. By the conclusion of the guidance period in FY16, the number of transponder equivalents is expected to increase by a compound annual growth rate of 4.5% as a result of the launch of the satellites covered by the guidance period. We will launch two of our new Intelsat EpicNG high-throughput satellites in FY15 and FY16, increasing our total transmission capacity. Our capital expenditures guidance includes capitalized interest."
News For I From The Last 14 Days
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May 12, 2015
10:01 EDTIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
07:52 EDTIIntelsat downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Intelsat to Underweight from Neutral with a $10 price target. The firm downgraded shares due to lack of revenue growth, ongoing revenue pressures, pricing risk, and high leverage.

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