Why Intelsat Stock Dropped 10% Today

Analysts dueled over Intelsat's (NYSE: I) intrinsic value last week, with JP Morgan arguing the stock might have "little to no" value at all, while Intelsat bull Raymond James suggested the stock was still a buy.

But that didn't last long.

This morning, in a note covered on TheFly.com, investment banker James suddenly pulled his endorsement of Intelsat stock, which is down 10% as of 12:40 p.m. EST in response.

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Source Fool.com