Eutelsat Communications (OTCMKTS:EUTLF) Shares Gap Up – Still a Buy?

Eutelsat Communications (OTCMKTS:EUTLF) gapped up before the market opened on Wednesday. The stock had previously closed at $1.91, but opened at $2.11. Eutelsat Communications shares last traded at $2.11, with a volume of 550 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Eutelsat Communications to a “hold” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Eutelsat Communications Price Performance

The company has a 50-day moving average price of $2.03 and a 200-day moving average price of $2.68. The company has a current ratio of 2.87, a quick ratio of 2.76 and a debt-to-equity ratio of 0.78.

About Eutelsat Communications

Eutelsat Communications is a satellite communications company that operates a fleet of geostationary (GEO) satellites and, following its combination with OneWeb, provides access to a growing low-Earth-orbit (LEO) satellite network. The company delivers connectivity, video distribution and other communications services to broadcasters, telecommunications providers, governments, businesses and consumers.

Its services include satellite television and radio broadcasting, broadband and enterprise connectivity, mobile backhaul, in-flight and maritime connectivity, and connectivity solutions for government and defense customers.