Eutelsat Communications (OTCMKTS:ETCMY) Stock Price Crosses Below 200 Day Moving Average of $2.22

Eutelsat Communications S.A. (OTCMKTS:ETCMYGet Rating)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.22 and traded as low as $1.95. Eutelsat Communications shares last traded at $1.96, with a volume of 259 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on ETCMY. Credit Suisse Group lowered their price target on Eutelsat Communications from €10.70 ($11.51) to €9.70 ($10.43) and set a “neutral” rating for the company in a research report on Thursday, October 13th. Bryan, Garnier & Co initiated coverage on shares of Eutelsat Communications in a report on Tuesday, September 20th. They set a “sell” rating and a €7.50 ($8.06) price target for the company. Finally, Morgan Stanley dropped their target price on Eutelsat Communications from €13.00 ($13.98) to €11.00 ($11.83) in a research report on Monday, November 28th. Two equities research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.77.

Eutelsat Communications Trading Up 1.8 %

The business has a 50 day simple moving average of $2.04 and a two-hundred day simple moving average of $2.22.

Eutelsat Communications Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, January 2nd. Investors of record on Friday, November 18th were given a dividend of $0.1726 per share. This represents a yield of 7.13%. The ex-dividend date of this dividend was Thursday, November 17th.

About Eutelsat Communications

(Get Rating)

Eutelsat Communications SA engages in the operation of telecommunication satellites. 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. The company offers its services under the Eutelsat brand directly and through distributors.

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