Why Intelsat Stock Just Dropped Another 14%
Things just keep getting worse for investors in Intelsat (NYSE: I).
On Wednesday, the stock got banged up in response to an analyst downgrade from J.P. Morgan, which warned that congressional interference in the sale of Intelsat's wireless C-band spectrum to 5G internet providers could delay the company's monetization of that asset -- and yield smaller profits.
Today, the carnage continued, with shares falling a further 14% through 10:25 a.m. EST.
Source Fool.com