Jeffries cuts satellite industry coverage

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Investment bank Jefferies is no longer covering the satellite industry in guidance for its clients.

The companies affected are Eutelsat, SES, Echostar and Viasat.

Its final ratings, guidance and share price targets are:

· Eutelsat: Buy, €15.5 (currently €12.51)

· SES: Buy, €11.5 (currently €7.87)

· Echostar: Hold, $28.0 (currently $24.15)

· Viasat: Hold, $57.5 (currently $56.23)


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