Eutelsat Communications (OTCMKTS:EUTLF) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Eutelsat Communications (OTCMKTS:EUTLF – Get Rating) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. They currently have $12.00 price objective on the technology company’s stock.

According to Zacks, “Eutelsat Communications S.A. a satellite operator. Its satellites broadcasts television channels to cable and satellite homes. The Company’s satellites also serves fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat’s broadband subsidiary, Skylogic, markets and operates access to high speed Internet services through teleports that serve enterprises, local communities, government agencies and aid organizations. Eutelsat Communications S.A. is headquartered in Paris, France. “

EUTLF has been the topic of a number of other research reports. Barclays lowered their price objective on shares of Eutelsat Communications from €13.00 ($13.98) to €11.70 ($12.58) and set an overweight rating on the stock in a research report on Monday, March 14th. Morgan Stanley lowered their price objective on shares of Eutelsat Communications from €14.00 ($15.05) to €13.00 ($13.98) in a research report on Thursday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $12.53.

Shares of Eutelsat Communications stock opened at $10.57 on Tuesday. Eutelsat Communications has a 52-week low of $10.11 and a 52-week high of $15.30. The company has a 50-day simple moving average of $11.12 and a two-hundred day simple moving average of $12.37.

Eutelsat Communications Company Profile (Get Rating)

Eutelsat Communications SA engages in the operation of telecommunication satellites for the digital communications markets. It provides video services, such as broadcast DTH, distribution, HD and ultra HD channels, and occasional use services; connectivity services; and Internet of Things and low earth orbit solutions.

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