Eutelsat Shares Drop 4.74% to €2.87 Despite Raised Target to €2.70
Eutelsat Communications' stock falls by 4.74% to €2.87 at midday in a declining Paris market. The SBF 120 is down 1.36% during the session, and the CAC 40 is down 1.38%. The stock is among the biggest losers in the SBF 120, despite Morgan Stanley's raised target price.
Morgan Stanley Raises Target to €2.70 but Maintains Market-Weight Rating
Morgan Stanley raised its price target on Eutelsat stock from €2.40 to €2.70 on Thursday, while maintaining a neutral (market-weight) opinion. At €2.87 during the session, the stock is now trading above the new broker target, which is about 6% below the current price.
This revision follows the publication of the third quarter 2025-26 revenue on May 12. The satellite operator then reported revenue of €293.0 million, down 2.3% in reported figures but up 3.1% organically, as detailed in the quarterly release. The company confirmed its annual targets, with LEO activity up 65% for the quarter and 50% over nine months. Regarding short positions, according to reviewed statements, the cumulative net short positions reach 2.26% of the capital, declared by two funds, down 0.11 point over thirty days.
Stock Remains Above Its Three Moving Averages Despite Today's Drop
Despite today's drop, the stock maintains a medium-term upward momentum with a gain of 28.3% over three months. The price at €2.87 remains above the 50-day moving average (€2.41, a 19.25% difference) and the 200-day average (€2.67, a 7.64% difference). The stock also remains slightly above its 20-day MA at €2.82. The RSI at 65 indicates consolidation after last week's rebound, with the price having approached the €3.02 resistance before retreating. The upper boundary of the Bollinger Bands is at €3.08, with the price moving in the upper part of the band at 61%. The next key event on the calendar is the publication of the 2025-26 annual results, expected on August 7, 2026.
