Eutelsat Communications (OTCMKTS:EUTLF) Rating Increased to Strong-Buy at Zacks Investment Research

Eutelsat Communications (OTCMKTS:EUTLF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The brokerage currently has a $21.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 16.02% from the company’s current price.

According to Zacks, “Eutelsat Communications S.A. a satellite operator. Its satellites broadcasts television channels to cable and satellite homes. The Company’s satellites also serves fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat’s broadband subsidiary, Skylogic, markets and operates access to high speed Internet services through teleports that serve enterprises, local communities, government agencies and aid organizations. Eutelsat Communications S.A. is headquartered in Paris, France. “

Separately, Berenberg Bank raised Eutelsat Communications to a “buy” rating and set a $19.00 price objective for the company in a research report on Friday, April 12th.

OTCMKTS EUTLF opened at $18.10 on Wednesday. Eutelsat Communications has a fifty-two week low of $17.31 and a fifty-two week high of $24.00. The firm has a market capitalization of $4.21 billion, a PE ratio of 12.15 and a beta of 0.27.

About Eutelsat Communications

Eutelsat Communications SA, a private telecommunications satellite operator, engages in the design, establishment, operation, and maintenance of satellite telecommunications systems. The company offers broadcast and media services, including broadcasting services, such as video neighborhoods, dual reception, regional broadcasting, digital terrestrial television, and direct-to-home (DTH) services; high definition television and ultra-high definition services; smart services comprising connected television (TV), multiscreen delivery, and electronic program guide; and professional video services that include full-time or ad hoc capacity and services for broadcasting to homes equipped for DTH reception or connected to cable and IP networks.

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