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, 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

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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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