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Eutelsat Group (OTCMKTS:EUTLF) Shares Pass Above 200 Day Moving Average - Here's What Happened

Eutelsat Group logo with Computer and Technology background

Eutelsat Group (OTCMKTS:EUTLF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.57 and traded as high as $4.42. Eutelsat Group shares last traded at $4.42, with a volume of 392 shares.

Wall Street Analysts Forecast Growth

Separately, New Street Research downgraded shares of Eutelsat Group from a "hold" rating to a "strong sell" rating in a research note on Monday, April 28th.

View Our Latest Research Report on EUTLF

Eutelsat Group Price Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 1.73 and a quick ratio of 1.68. The business's 50-day moving average price is $4.63 and its two-hundred day moving average price is $3.56.

About Eutelsat Group

(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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