Eutelsat Shares Gain 33.75% in Three Months, Reaching €3
Eutelsat Communications' stock is up 2.04% at €3.00 in mid-afternoon trading, touching its technical resistance level. Morgan Stanley raised its price target this Thursday, two days after the third-quarter revenue report was published. The stock has gained +33.75% over three months.
Morgan Stanley Raises Target to €2.70 Following Quarterly Report
Morgan Stanley has increased its price target on Eutelsat Communications from €2.40 to €2.70 on May 14, maintaining a 'market-weight' recommendation. With the current price at €3.00, the new target represents an implied downside potential of about 10%. The adjustment followed the quarterly publication on May 12, which reported revenues of €293.0 million, a decrease of 2.3% as reported but an increase of 3.1% on a comparable basis. The 50% year-on-year growth in LEO activity, announced during the activity update on May 12, 2026, and the completion of the €5 billion refinancing program were among the highlights of the publication. The company reaffirmed its goals for the fiscal year 2025-26. It is noteworthy that net short positions account for 2.26% of the capital according to reviewed declarations, slightly down by 0.11 points over thirty days, mainly held by Qube Research & Technologies (1.28%) and Millennium International Management (0.98%).
Stock Encounters Resistance at €3.00 After Nearly 34% Rally in Three Months
Eutelsat reaches the symbolic threshold of €3.00, which corresponds to the identified resistance level. The stock had already encountered this barrier several times since mid-April. The price is now operating at the high end of the Bollinger Bands (87% of the range), close to the upper limit at €3.07, indicating a tense setup after a 33.75% gain over three months. The RSI at 63 remains below the overbought zone, with no immediate reversal signal. The price is significantly above the MM20 (€2.79) and MM200 (€2.67), confirming the medium-term bullish momentum. Over the past year, the performance remains slightly negative (-2.28%), reflecting a high starting point. The next key event on the financial calendar is the publication of the annual results for 2025-26, expected on August 7, 2026.
