EUTELSAT COMMUN/S (OTCMKTS:ETCMY) Stock Price Crosses Below 200-Day Moving Average of $2.86

EUTELSAT COMMUN/S (OTCMKTS:ETCMY)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.86 and traded as low as $2.44. EUTELSAT COMMUN/S shares last traded at $2.44, with a volume of 8,951 shares.

Several equities research analysts have recently commented on the company. Credit Suisse Group restated a “neutral” rating on shares of EUTELSAT COMMUN/S in a research note on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of EUTELSAT COMMUN/S in a report on Friday, June 26th. Barclays reaffirmed an “overweight” rating on shares of EUTELSAT COMMUN/S in a report on Tuesday, July 7th. Deutsche Bank initiated coverage on shares of EUTELSAT COMMUN/S in a report on Tuesday, June 16th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of EUTELSAT COMMUN/S in a report on Friday, May 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy”.

The firm’s fifty day moving average is $2.45 and its two-hundred day moving average is $2.86.

EUTELSAT COMMUN/S Company Profile (OTCMKTS:ETCMY)

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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