Zacks Investment Research upgraded shares of Eutelsat Communications (OTCMKTS:EUTLF) from a hold rating to a strong-buy rating in a report published on Wednesday morning, Zacks.com reports. They currently have $21.00 price objective 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. “

Separately, Berenberg Bank raised shares of Eutelsat Communications to a buy rating and set a $19.00 price target on the stock in a research note on Friday, April 12th.

Eutelsat Communications stock opened at $18.10 on Wednesday. The company has a market capitalization of $4.21 billion, a PE ratio of 12.15 and a beta of 0.27. Eutelsat Communications has a 1 year low of $17.31 and a 1 year high of $24.00.

Eutelsat Communications Company Profile

Eutelsat Communications SA, a private telecommunications satellite operator, engages in the design, establishment, operation, and maintenance of satellite telecommunications systems. The company offers broadcast and media services, including broadcasting services, such as video neighborhoods, dual reception, regional broadcasting, digital terrestrial television, and direct-to-home (DTH) services; high definition television and ultra-high definition services; smart services comprising connected television (TV), multiscreen delivery, and electronic program guide; and professional video services that include full-time or ad hoc capacity and services for broadcasting to homes equipped for DTH reception or connected to cable and IP networks.

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