Eutelsat Communications (OTCMKTS:ETCMY) Given New €12.20 Price Target at Barclays

Eutelsat Communications (OTCMKTS:ETCMYGet Rating) had its target price boosted by stock analysts at Barclays from €11.70 ($12.58) to €12.20 ($13.12) in a research note issued on Tuesday, The Fly reports.

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Eutelsat Communications from €13.50 ($14.52) to €13.00 ($13.98) and set a “buy” rating for the company in a research report on Wednesday, March 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Eutelsat Communications has a consensus rating of “Buy” and a consensus price target of $12.60.

Shares of ETCMY stock opened at $2.77 on Tuesday. Eutelsat Communications has a 52 week low of $2.50 and a 52 week high of $3.84. The firm has a 50 day moving average of $2.76 and a 200-day moving average of $3.12.

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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