Eutelsat Communications S.A. (OTCMKTS:ETCMY) Given Average Rating of “Hold” by Brokerages

Eutelsat Communications S.A. (OTCMKTS:ETCMY – Get Rating) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.21.

Several brokerages recently weighed in on ETCMY. Credit Suisse Group reduced their price target on shares of Eutelsat Communications from €10.70 ($11.63) to €9.70 ($10.54) and set a “neutral” rating on the stock in a research report on Thursday, October 13th. Morgan Stanley cut their price objective on shares of Eutelsat Communications from €13.00 ($14.13) to €11.00 ($11.96) in a research report on Monday, November 28th.

Eutelsat Communications Stock Performance

Shares of ETCMY opened at $1.95 on Monday. The company’s fifty day moving average is $1.99 and its 200 day moving average is $2.18. Eutelsat Communications has a fifty-two week low of $1.81 and a fifty-two week high of $3.30.

Eutelsat Communications Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, January 2nd. Shareholders of record on Friday, November 18th were given a dividend of $0.1726 per share. This represents a dividend yield of 7.13%. The ex-dividend date 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.