Intelsat S.A., our next stock pick, provides satellite communications services worldwide. It offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and ISP’s; and commercial satellite communication services to the U.S. government and other military organizations and their contractors.
Intelsat recently hit our radar after breaking out of a year long accumulation base that began in Nov 2016. Our initial investment in the stock was made upon a successful retest of the break out price at $4.44. Shortly thereafter, positive news rocketed the stock up 25% but a quick bout of profit taking has brought the price back to a level where an investment can be made. Our profit target for this stock is at the $9.00 level with a stop loss at $3.50 for a 1:4.75 risk reward.