Eutelsat Communications (OTCMKTS:ETCMY) Shares Pass Below Two Hundred Day Moving Average of $2.05

Eutelsat Communications S.A. (OTCMKTS:ETCMY – Get Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.05 and traded as low as $1.66. Eutelsat Communications shares last traded at $1.66, with a volume of 100 shares.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reduced their target price on shares of Eutelsat Communications from €13.00 ($13.98) to €11.00 ($11.83) in a report on Monday, November 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.21.

Eutelsat Communications Price Performance

The stock’s fifty day moving average price is $1.85 and its two-hundred day moving average price is $2.05.

Eutelsat Communications Company Profile

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Eutelsat Communications SA offers satellite-based telecommunication solutions. Its clients includes content and media providers from the private and public sectors such as government agencies, data science firms, fixed, and global mobile broadband markets. The company was founded in 1977 and is headquartered in Issy-les-Moulineaux, France.