Eutelsat Communications (OTCMKTS:ETCMY) Coverage Initiated by Analysts at Bryan, Garnier & Co

Bryan, Garnier & Co began coverage on shares of Eutelsat Communications (OTCMKTS:ETCMYGet Rating) in a report published on Tuesday, The Fly reports. The brokerage issued a sell rating and a €7.50 ($7.65) price target on the stock.

Several other research analysts also recently issued reports on ETCMY. Deutsche Bank Aktiengesellschaft downgraded shares of Eutelsat Communications from a buy rating to a hold rating in a research report on Wednesday, July 27th. Barclays upped their price objective on Eutelsat Communications from €12.00 ($12.24) to €12.65 ($12.91) and gave the company an overweight rating in a research note on Wednesday, July 13th. Cheuvreux downgraded Eutelsat Communications from a buy rating to a hold rating in a research note on Tuesday, July 26th. Finally, JPMorgan Chase & Co. cut Eutelsat Communications from a neutral rating to an underweight rating in a research note on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $11.05.

Eutelsat Communications Stock Performance

Shares of ETCMY opened at $2.13 on Tuesday. The company’s 50 day simple moving average is $2.26 and its 200-day simple moving average is $2.61. Eutelsat Communications has a 12-month low of $1.87 and a 12-month high of $3.84.

Eutelsat Communications Company Profile

(Get Rating)

Eutelsat Communications SA engages in the operation of telecommunication satellites for the digital communications markets. It provides video services, such as broadcast DTH, distribution, HD and ultra HD channels, and occasional use services; connectivity services; and Internet of Things and low earth orbit solutions.

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Analyst Recommendations for Eutelsat Communications (OTCMKTS:ETCMY)

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