Zacks Investment Research upgraded shares of Eutelsat Communications (OTCMKTS:EUTLF) from a hold rating to a buy rating in a report issued on Tuesday morning. The firm currently has $30.00 target price on the technology company’s stock.

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 Tuesday. The company has a market capitalization of $6.59 billion, a PE ratio of 15.67 and a beta of 0.25. Eutelsat Communications has a 12 month low of $16.89 and a 12 month high of $28.35. The firm has a 50-day moving average price of $27.80 and a 200-day moving average price of $24.87.

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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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