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Eutelsat Communications (OTCMKTS:EUTLF) Shares Gap Down - Here's Why

Eutelsat Communications logo with Computer and Technology background

Key Points

  • Eutelsat Communications shares gapped down significantly, opening at $3.92 after closing at $4.30, with the latest trade at $3.91 amidst low trading volume of 1,500 shares.
  • Analysts have updated their ratings, with Kepler Capital Markets moving the stock from a "strong sell" to a "hold," while the consensus rating remains at "Reduce."
  • The company operates in telecommunications through satellites, providing a range of services including fixed broadband and mobile connectivity under the Eutelsat brand.
  • Five stocks to consider instead of Eutelsat Communications.

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.30, but opened at $3.92. Eutelsat Communications shares last traded at $3.91, with a volume of 1,500 shares.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded Eutelsat Communications from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce".

Get Our Latest Stock Report on Eutelsat Communications

Eutelsat Communications Price Performance

The firm has a 50-day moving average of $3.80 and a two-hundred day moving average of $3.94. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94.

About Eutelsat Communications

(Get Free Report)

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.

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