Investment bank upgrades Eutelsat
April 21, 2022
Eutelsat has been upgraded from analysts at Zachs Investment Research with a ‘Buy’ rating from ‘Hold’.
Zachs gives a price target for Eutelsat of $12 (about €11.10) for the company’s shares (currently trading at about €10.26).
The Zachs report, issued April 20th, updates investors on other views and ratings from the likes of Barclays (which lowered their price objective on shares of Eutelsat from €13.00 ($13.98) to €11.70 ($12.58), and Morgan Stanley (which lowered their price objective on shares of Eutelsat from €14.00 ($15.05) to €13.00 ($13.98).
According to Zacks: “Eutelsat is a satellite operator. Its satellites broadcasts television channels to cable and satellite homes. The Company’s satellites also serves fixed and mobile telecoms 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 is headquartered in Paris.”