Eutelsat: higher after the announcements!

Photo credit © Reuters

( — Eutelsat climbed by more than 4% this Friday, to 10.95 euros, while the turnover of operating activities for the third quarter stood at 285 million euros, down slightly by 0.7% compared to the previous quarter . ‘Broadcast’ revenues remained almost stable compared to the second quarter, the group highlighting the strong growth of ‘Fixed Broadband’ and ‘Mobile Connectivity’.

Among the latest opinions from brokers, Barclays has adjusted the cursor from 12.2 to 12 euros, while remaining ‘overweight’ on the issue. Revenue from operating activities for the first nine months of the year was down 4% year-on-year, in line with expectations. All of the financial objectives have been confirmed…


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