Eutelsat Shares Bounce Nearly 3% After New LEO Contract
Eutelsat Communications shares regain ground in mid-session trading in a well-oriented Parisian market. The stock is among the top gainers in the SBF 120 as the satellite operator attempts to stabilize its trajectory following a sharp profit-taking at the end of May. The rebound remains to be confirmed against deteriorated moving averages.
A 2.68% Rebound That Only Partially Mitigates the Weekly Drop
Eutelsat Communications shares are up 2.68% at €3.105 in midday trading, among the strongest gains in the SBF 120. The broader index is up 0.76% during the session, with the CAC 40 gaining 0.83%.
The day's rise softens the weekly decline, which remains significant at -18.27%. However, over three months, the performance remains spectacular at +58.58%, a legacy of the rally that began in the spring around low-orbit connectivity.
This movement follows the announcement of a new agreement with Voimatel to deploy LEO services in Finland, extending a series of commercial partnerships signed in recent weeks (Tototheo Global for maritime, Anuvu for in-flight connectivity).
The Stock Remains Below the 20-Day Moving Average but Holds a Cushion Over Its Longer-Term Markers
The price is trading 10% below its 20-day moving average (€3.45), a direct consequence of the sharp drop at the end of May. However, the stock still maintains a 6.7% cushion above its 50-day moving average (€2.91) and 15% above its 200-day moving average (€2.70), which keeps the underlying trend intact despite the recent correction.
The RSI at 44 reflects this consolidation phase, without a clear signal.
As a reminder, during the 9M 2025/2026 accounts publication on May 12, the group had confirmed its annual targets, with a 50% increase in LEO activity revenue year-on-year, partially offset by a negative currency effect of 42 million euros.
The support at €2.57 remains the identified low marker, while the resistance at €4.51 marks the ceiling of the recent channel. Between the two, the stock is seeking a balance point after a particularly turbulent stock market sequence.
