Intelsat shares recover
March 7, 2016
By Chris Forrester
Intelsat’s share price has seen a steep decline over the last few weeks, but the satellite company has shown signs of recovery with a dramatic jump.
On March 4th, Intelsat’s share price closed the day at $1.99 a share, but having hit $2.15 at one point during the day – a significant improvement on its position earlier in the week when the price hit $1.50.
Good news that this represents, it is worth remembering that Intelsat has fallen from grace as far as investors are concerned. Last April, for example, Intelsat’s share price was $12.59. In September 2013 it stood at $24.42.