Eutelsat Communications (OTCMKTS:ETCMY) Stock Price Passes Below 200 Day Moving Average of $2.95

Eutelsat Communications S.A. (OTCMKTS:ETCMYGet Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.95 and traded as low as $2.94. Eutelsat Communications shares last traded at $2.94, with a volume of 334 shares changing hands.

Several brokerages recently issued reports on ETCMY. Barclays boosted their target price on shares of Eutelsat Communications from €11.70 ($12.19) to €12.20 ($12.71) in a research report on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Eutelsat Communications from €13.50 ($14.06) to €13.00 ($13.54) 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.60.

The stock’s 50 day moving average is $2.84 and its 200-day moving average is $2.95.

About Eutelsat Communications (OTCMKTS:ETCMY)

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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