Eutelsat Communications (OTCMKTS:EUTLF) Shares Gap Up - Still a Buy?

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.10, but opened at $4.55. Eutelsat Communications shares last traded at $4.05, with a volume of 2,841 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EUTLF shares. Kepler Capital Markets upgraded Eutelsat Communications from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. New Street Research lowered Eutelsat Communications from a "hold" rating to a "strong sell" rating in a report on Monday, April 28th.

Eutelsat Communications Trading Down 1.8%

The firm has a 50-day simple moving average of $3.84 and a 200-day simple moving average of $3.76. The company has a current ratio of 1.36, a quick ratio of 1.24 and a debt-to-equity ratio of 0.86.

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.