Eutelsat rides high
June 8, 2011
By Chris Forrester
Helped by positive market sentiment for its new Ka-band broadband-by-satellite craft, Eutelsat’s share price soared some 2.2 per cent on June 7th. Investment banker Goldman Sachs upgraded Eutelsat’s stock from ’neutral’ to ‘conviction buy’ in another positive move for the satellite operator.
The move helped Eutelsat reach a 52-week high (on the Paris bourse) in terms of its share price, at €31.09, although trading during the day was at even higher levels.