Eutelsat Shares Drop 6.14% at the Close of January 22
Eutelsat Communications experienced a significant correction at the end of the trading session on Thursday, January 22, 2026, closing down 6.14% at 2.215 euros. This downward movement follows a relatively volatile start to the week for the satellite operator. Over three months, the stock has shown a negative performance of 23.06%, while its annual growth remains positive at 33.48%. This contrasting development reflects the uncertainties weighing on the space sector and the profitability outlook for the group.
Technical Analysis of Eutelsat Communications
From a technical standpoint, Eutelsat Communications was in an ambivalent configuration at the close of January 22. The Relative Strength Index (RSI) showed a level of 75, indicating an overbought zone that could signal a short-term consolidation. This suggests that buyers have pushed the stock beyond a normal balance, making a breathing phase likely. Additionally, the current price is below the 50-day moving average, which is at 2.28 euros, reflecting persistent bearish pressure over the medium term. The major resistance remains at 2.55 euros, a level the stock has not been able to sustainably surpass in recent attempts. Conversely, support is emerging at 1.64 euros, providing a protective zone should the corrective movement continue. The MACD indicator, with a line at 0.13 and a signal at 0.07, however, suggests a positive divergence that could limit the extent of the declines.
Analyst Opinions on Eutelsat
Analyst opinions on Eutelsat remain cautious following the recapitalization operation conducted at the end of 2025. Morgan Stanley recently initiated coverage with a market-weight recommendation and a target set at 2.50 euros, indicating a limited upside potential of about 13% compared to the closing price on January 22. Meanwhile, Oddo BHF resumed tracking the stock with a neutral rating and a reduced target from 2.60 to 1.70 euros in December, reflecting increased caution about the group's prospects. This restraint from research firms reflects ongoing questions about Eutelsat's ability to generate sustainable profitability despite its ambitious investment strategy in low Earth orbit constellations. The recent order of 340 new OneWeb satellites from Airbus Defence and Space, announced in mid-January, aims to ensure operational continuity from the end of 2026, but will mechanically increase future expenses. In this context, investors remain attentive to the upcoming semi-annual results to be published in mid-February, a crucial deadline to assess the financial trajectory of the telecommunications specialist.
