Eutelsat Communications (OTCMKTS:ETCMY) Stock Passes Below 200-Day Moving Average of $2.46

Eutelsat Communications S.A. (OTCMKTS:ETCMYGet Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.46 and traded as low as $2.01. Eutelsat Communications shares last traded at $2.01, with a volume of 246 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on ETCMY shares. Credit Suisse Group dropped their price target on shares of Eutelsat Communications from €10.70 ($10.92) to €9.70 ($9.90) and set a “neutral” rating on the stock in a research note on Thursday, October 13th. Deutsche Bank Aktiengesellschaft lowered shares of Eutelsat Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Cheuvreux lowered shares of Eutelsat Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Bryan, Garnier & Co began coverage on Eutelsat Communications in a report on Tuesday, September 20th. They issued a “sell” rating and a €7.50 ($7.65) price objective for the company. Finally, JPMorgan Chase & Co. downgraded Eutelsat Communications from a “neutral” rating to an “underweight” rating in a report on Friday, August 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.71.

Eutelsat Communications Stock Up 2.0 %

The company has a fifty day moving average price of $2.25 and a two-hundred day moving average price of $2.46.

Eutelsat Communications Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, January 2nd. Investors of record on Friday, November 18th will be issued a dividend of $0.1726 per share. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend is Thursday, November 17th.

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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