Why Intelsat Stock Just Fell 14.5%

What goes up must come down -- even when your business centers around orbiting satellites. That's the lesson Intelsat (NYSE: I) investors are learning this morning, as a downgrade from investment banker UBS takes a big chunk out of Intelsat's stock price. Down as much is 14.5% in early morning trading, Intelsat shares are still off by 7.4% as of 11:30 a.m. EDT.

Early warning radar signals danger for Intelsat stock. Image source: Getty Images.

What did UBS say to have such an outsize effect on Intelsat stock? Basically, the analyst's downgrade (to "sell") boils down to an observation that Intelsat stock, which is up 57% over the last 12 months, is now really expensive.

Source: Fool.com