Advanced Television

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.

Categories: Articles, Business, DTH/Satellite