Eutelsat Communications (OTCMKTS:EUTLF) Shares Gap Down - What's Next?

Key Points

• Eutelsat Communications shares gapped down from $3.65 to $3.25 before opening on Monday, trading last at $3.85 with 315 shares exchanged.
• Analysts have given Eutelsat a consensus rating of "Reduce," with conflicting reviews; one firm upgraded the stock from "strong sell" to "hold," while another downgraded it from "hold" to "strong sell."
• The company has a debt-to-equity ratio of 0.86 and a current ratio of 1.36, indicating a manageable level of debt and sufficient short-term assets.

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.65, but opened at $3.25. Eutelsat Communications shares last traded at $3.85, with a volume of 315 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EUTLF. Kepler Capital Markets raised shares of Eutelsat Communications from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 24th. New Street Research lowered shares of Eutelsat Communications from a "hold" rating to a "strong sell" rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

Eutelsat Communications Stock Down 2.7%

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.24 and a current ratio of 1.36. The firm's 50-day moving average is $3.91 and its 200 day moving average is $4.00.

Eutelsat Communications Company Profile

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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