Eutelsat Communications (OTCMKTS:EUTLF) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Eutelsat Communications (OTCMKTS:EUTLF – Get Rating) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $12.00 target price 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. “

A number of other brokerages have also issued reports on EUTLF. Barclays cut their price target 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 report on Monday, March 14th. Morgan Stanley cut their target price on shares of Eutelsat Communications from €14.00 ($15.05) to €13.00 ($13.98) in a research note on Thursday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Buy and a consensus target price of $12.53.

Eutelsat Communications stock opened at $10.57 on Tuesday. The firm’s fifty day moving average price is $11.12 and its 200-day moving average price is $12.37. Eutelsat Communications has a fifty-two week low of $10.11 and a fifty-two week high of $15.30.

About Eutelsat Communications (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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