Eutelsat Communications (OTCMKTS:EUTLF) Shares Cross Above 200 Day Moving Average – What’s Next?

Eutelsat Communications (OTCMKTS:EUTLF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.81 and traded as high as $3.89. Eutelsat Communications shares last traded at $3.74, with a volume of 6,899 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EUTLF. Kepler Capital Markets raised shares of Eutelsat Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 24th. New Street Research downgraded shares of Eutelsat Communications from a “hold” rating to a “strong sell” rating in a report on Monday, April 28th.

Eutelsat Communications Stock Down 4.0%

The stock’s fifty day simple moving average is $3.83 and its 200-day simple moving average is $3.81. The company has a quick ratio of 1.24, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

Eutelsat Communications Company Profile

Eutelsat Group, together with its subsidiaries, engages in the operation of telecommunication satellites. It provides capacity for video services, fixed data, and government services; and capacity in connectivity applications, such as fixed broadband and mobile connectivity. The company offers its services under the Eutelsat brand directly and through distributors.