Zacks Investment Research upgraded shares of Eutelsat Communications (OTCMKTS:EUTLF) from a strong sell rating to a hold rating in a research report released on Monday morning.

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 (OTCMKTS:EUTLF) opened at 20.37 on Monday. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 11.98 and a beta of 0.62. The stock has a 50 day moving average price of $20.10 and a 200 day moving average price of $22.76. Eutelsat Communications has a one year low of $17.05 and a one year high of $35.18.

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