Zacks Investment Research downgraded shares of Eutelsat Communications (OTCMKTS:EUTLF) from a buy rating to a hold rating in a research report report published on Thursday 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 (EUTLF) opened at 28.35 on Thursday. The company’s 50 day moving average price is $27.89 and its 200-day moving average price is $25.07. Eutelsat Communications has a 12-month low of $16.89 and a 12-month high of $28.35. The firm has a market cap of $6.59 billion, a P/E ratio of 15.60 and a beta of 0.25.

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About Eutelsat Communications

Eutelsat Communications SA, a private telecommunications satellite operator, engages in the design, establishment, operation, and maintenance of satellite telecommunications systems in France, Italy, the United Kingdom, other European countries, the Americas, the Middle-East, Africa, Asia, and internationally.

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