Eutelsat Communications (OTCMKTS:EUTLF) Shares Gap Up - Should You Buy?

Key Points

• Eutelsat Communications shares experienced a significant gap up, opening at $3.40 after a previous close of $2.99, and last traded at $3.25 with a volume of 1,554 shares.
• Kepler Capital Markets upgraded Eutelsat's rating from "strong sell" to "hold," with the current consensus average rating being "Reduce," reflecting a mixed sentiment among analysts.
• The company operates telecommunication satellites providing various services including video, fixed data, and mobile connectivity under the Eutelsat brand.

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.99, but opened at $3.40. Eutelsat Communications shares last traded at $3.25, with a volume of 1,554 shares.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised shares of Eutelsat Communications from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce".

Eutelsat Communications Price Performance

The firm has a fifty day simple moving average of $3.82 and a 200-day simple moving average of $4.14. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.94.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.