Eutelsat Communications (OTCMKTS:EUTLF) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Eutelsat Communications shares have surpassed their 200-day moving average, trading as high as $4.50, indicating positive investor sentiment.
• Kepler Capital Markets upgraded the stock from a "strong sell" to a "hold" rating, though the average analyst rating remains at "Reduce."
• The company's current and quick ratios are 1.38 and 1.28 respectively, reflecting a stable financial position, along with a debt-to-equity ratio of 0.94.

Eutelsat Communications (OTCMKTS:EUTLF - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.95 and traded as high as $4.50. Eutelsat Communications shares last traded at $4.50, with a volume of 190 shares traded.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded Eutelsat Communications from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Eutelsat Communications Stock Up 3.8%

The company has a fifty day moving average of $3.75 and a 200-day moving average of $3.95. 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.

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