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Fly News Breaks for July 18, 2016
I
Jul 18, 2016 | 06:50 EDT
Raymond James analyst Ric Prentiss assumed coverage on Intelsat and downgraded shares to Underperform saying the company is burdened by excess capacity and competitive pricing pressure. Further, $7B of maturing debt through 2020, which is unable to be refinanced traditionally, will limit growth opportunities, and strain the balance sheet, the analyst wrote.
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