Eutelsat Communications S.A. (OTCMKTS:ETCMY) Receives Average Rating of “Hold” from Analysts

Shares of Eutelsat Communications S.A. (OTCMKTS:ETCMY – Get Rating) have earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.21.

A number of brokerages have weighed in on ETCMY. Credit Suisse Group reduced their price objective on Eutelsat Communications from €10.70 ($11.63) to €9.70 ($10.54) and set a “neutral” rating for the company in a research note on Thursday, October 13th. Morgan Stanley reduced their price objective on Eutelsat Communications from €13.00 ($14.13) to €11.00 ($11.96) in a research note on Monday, November 28th.

Eutelsat Communications Trading Up 2.1 %

Shares of OTCMKTS ETCMY opened at $1.95 on Monday. Eutelsat Communications has a twelve month low of $1.81 and a twelve month high of $3.30. The stock has a 50 day moving average of $1.99 and a two-hundred day moving average of $2.18.

Eutelsat Communications Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, January 2nd. Stockholders of record on Friday, November 18th were issued a $0.1726 dividend. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend was Thursday, November 17th.

Eutelsat Communications Company Profile

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Eutelsat Communications SA engages in the operation of telecommunication satellites. 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. The company offers its services under the Eutelsat brand directly and through distributors.