Brokerages Set Eutelsat Communications S.A. (OTCMKTS:ETCMY) Target Price at $10.08

Shares of Eutelsat Communications S.A. (OTCMKTS:ETCMYGet Rating) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $10.08.

A number of analysts have issued reports on the company. Cheuvreux downgraded Eutelsat Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft downgraded Eutelsat Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Bryan, Garnier & Co initiated coverage on Eutelsat Communications in a research report on Tuesday. They set a “sell” rating and a €7.50 ($7.65) price objective for the company. Barclays raised their price objective on Eutelsat Communications from €12.00 ($12.24) to €12.65 ($12.91) and gave the stock an “overweight” rating in a research report on Wednesday, July 13th. Finally, JPMorgan Chase & Co. downgraded Eutelsat Communications from a “neutral” rating to an “underweight” rating in a research report on Friday, August 12th.

Eutelsat Communications Price Performance

Shares of ETCMY opened at $2.30 on Tuesday. Eutelsat Communications has a 52-week low of $1.87 and a 52-week high of $3.84. The stock has a fifty day simple moving average of $2.24 and a two-hundred day simple moving average of $2.61.

Eutelsat Communications Company Profile

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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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Analyst Recommendations for Eutelsat Communications (OTCMKTS:ETCMY)

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