Eutelsat Communications (OTCMKTS:EUTLF) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Eutelsat Communications (OTCMKTS:EUTLF) from a buy rating to a hold rating in a research report released on Monday morning, reports.

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. “

Shares of Eutelsat Communications stock opened at $11.26 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $2.62 billion, a PE ratio of 8.11 and a beta of 0.80. The business’s 50-day moving average price is $11.45 and its 200-day moving average price is $10.37. Eutelsat Communications has a 12 month low of $9.24 and a 12 month high of $15.37.

About Eutelsat Communications

Eutelsat Communications SA provides satellite related services. It offers video services, such as broadcast DTH, distribution, and HD and ultra HD channels; secure and rapidly deployed communications for governments and NGOs; and broadband services. The company also provides connectivity for maritime, including commercial shipping, sea-based oil and gas operations, governmental ships and luxury vessels, as well as in-flight broadband services.

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