Intelsat shares plummet
December 13, 2016
By Chris Forrester
Back on November 29th, Intelsat shares were rocketing having jumped 10.3 per cent in value the previous day to $4.17.
Sadly (for investors) the past two weeks have seen a reverse in shareholder value. December 12th saw another set-back with Intelsat’s share price tumbling 8.43 per cent in a single trading session, and closing at $3.04.
As a result Intelsat’s market capitalisation has crashed from $452 million to just $358.11 million.
Other posts by :
- Crossroads backs AST SpaceMobile
- FCC examines SpaceX’s 15,000 sat-constellation plan
- EchoStar: “Severe uncertainty” led to spectrum sales
- Netflix gets downgrade on Warner Bros move
- UK trims Orbex investment
- Euro-bank sets up €500m space fund
- Revenue jump forecast for Eutelsat
- Moody’s upgrades Eutelsat’s debt rating
- Rivada Space Networks wins spectrum dispute
