Eutelsat Shares Drop to €2.70, Down 13.5% for the Week

The Stock Breaks Its €2.70 Support Despite Two LEO Contracts in 48 Hours

Eutelsat Communications shares fell 2.81% to €2.625 in late afternoon trading, while the SBF 120 index rose by 0.79% and the CAC 40 increased by 0.92%. The stock broke through its €2.70 support level during the session and remains below this threshold. The decline brings the weekly loss to 13.19%, despite two commercial announcements within 48 hours. On Tuesday, the group confirmed the renewal of a multi-year agreement with Mercury, a subsidiary of Sonangol, for the deployment of low-orbit services in Angola. The day before, the operator also secured the CENTAURE contract with the French Ministry of Armed Forces, worth up to €350 million over eight years, with a firm commitment of €138 million over four years. These deals were not enough to halt the selling momentum that began at the end of May.

A Correction that Erases Part of the Quarterly Rally, the Price is Now About 23.7% Below Its MM20 (€3.44)

The stock remains largely profitable over three months (+33.93%) and over a year (+45.86%), a legacy of the spectacular rally that began in the spring around LEO connectivity. The ongoing consolidation reminds that the price is now about 23.7% below its MM20 (€3.44), indicating the extent of recent profit-taking. The RSI at 39 reflects the selling pressure without yet tipping into oversold territory. During the 9M 2025/2026 report (May 12, 2026), the company highlighted a 50% increase in LEO activity revenue over the year, while noting a negative currency impact of 42 million euros. With the support break at €2.70, attention now turns to the MM200 at €2.69, the last medium-term technical cushion before a possible return to levels prior to the rally.