Eutelsat Rises 2.93% in Morning Trading, Rebounding Above 3.33 Euros
The satellite operator's stock benefits from renewed interest. On Thursday morning, November 13, the stock rose by 2.93%, reaching 3.335 euros from 3.24 euros the previous day. In a positive Parisian market, with the CAC 40 up by 0.87% at 8,313.16 points, Eutelsat outperforms the index with limited trading volumes, with only 0.03% of capital exchanged. This movement emphasizes the recovery that began in recent weeks, with the stock now showing a gain of 3.73% over seven days and 5.21% over three months, gradually erasing part of the annual decline, which remains at 9.23%.
Recent Stock Performance Indicates Consolidation
The recent evolution of the stock marks a phase of consolidation after several turbulent months. Over seven days, the rebound of 3.73% adds to a quarterly performance of 5.21%, suggesting a resurgence of investor interest despite a complex operational environment. Over the year, the stock remains down by 9.23%, contrasting with a 15.03% increase for the CAC 40 over the same period. In the first quarter of the 2025-26 fiscal year, the group posted total revenues of 293 million euros, down by 2.2% and nearly stable at -0.3% on a comparable basis. This relative stabilization comes after the announcement last June of a recapitalization of 1.5 billion euros supported by the French state, which injected 717 million euros in a larger fundraising of 1.35 billion euros.
Technical Analysis of Stock Performance
Technically, the stock is priced at 3.335 euros during the session, slightly below its 50-day moving average set at 3.37 euros, but remains under the 200-day average of 3.43 euros. This configuration highlights a stabilization phase after the early year drop. The Relative Strength Index (RSI) is at 32, a level still in oversold territory, though not crossing the critical threshold of 30. This positioning could signal a potential technical rebound if buyers return. The Average True Range (ATR) of 0.10 euro indicates short-term contained volatility, consistent with the modest share of capital traded today. The MACD, negative at -0.08 with a signal line at -0.04 and a histogram at -0.04, reflects a still fragile trend, although the divergence is gradually diminishing. The support threshold at 3.12 euros remains under watch, while the major resistance is at 3.98 euros, a level that would require a significant resurgence of interest to be reclaimed.
Strategic and Financial Developments
Eutelsat announced on November 5 the appointment of Sébastien Rouge as Chief Financial Officer and member of the executive committee of the group, effective February 1, 2026, with no apparent impact on the stock price at that date. Investors recall an order book totaling 3.5 billion euros as of September 30, 2025, which is 2.8 times the revenue of the previous fiscal year, with confirmation of all financial targets for the 2025-26 fiscal year. The context remains marked by persistent sectoral challenges, particularly the structural decline in the video segment and increased competitive intensity in satellite connectivity. The stock remains under medium-term pressure, with a cautious consensus among analysts: Stifel resumed coverage in September with a 'sell' recommendation and a target price of 2.4 euros, while AlphaValue downgraded its recommendation from Buy to Accumulate with a reduced target price from 4.26 euros to 3.73 euros. The day's rise appears more as a technical adjustment than a structural change in sentiment.
