Eutelsat stock surges more than 10% following announcements on potential authorizations in India ahead of Starlink
The satellite operator sharply reverses a long downward trend. The stock claims the top position in its index, in an upward-oriented Paris market, and India returns to the forefront of the OneWeb file.
The session's gains place Eutelsat at the top of the SBF 120, which advances 0.62% at midday. The stock trades at €1.51, compared to €1.37 the previous day. This jump erases only a small portion of the 33.6% decline over three months and 19.2% over one month. The stock remains below its 20-day moving average (€1.60), at a 5.4% gap, and below its 50-day moving average (€1.81), at a 16.4% gap.
The RSI at 23 reflected a marked seller exhaustion ahead of this session. The rebound occurs near the €1.37 support level, which the stock had abandoned the previous day before recovering above it. The €1.95 resistance remains more than 28% away.
India, the stakes of OneWeb's satellite internet services
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
On Wednesday, October 14, 2026, Sunil Bharti Mittal, chairman of Bharti Enterprises and principal shareholder of Eutelsat, indicated he hopes that Eutelsat OneWeb will obtain the final authorizations needed for its satellite internet services in India before its competitor Starlink. The issue concerns the regulatory timeline for commercial launch in the country. On October 2, Eutelsat had also announced the completion of the first series of 32 OneWeb satellites, from a program of 669 spacecraft built by Airbus Defence and Space and intended to renew its constellation. The stock remains at -49.5% over one year, despite today's rebound.
SectorTélécommunications›Satellite et connectivité
Free · every morning · before 9am
Never miss a move on your stocks
The trend behind the prices · Euronext
✓ You're in! Check your spam folder.
An error occurred.
Context
Period
Period: FY2027
Guidance from the release
« Eutelsat confirme également ses objectifs pour l'exercice 2028-29 [...] grâce à la forte dynamique des ventes LEO. »
Outlook / guidance
Management commentary: « Eutelsat confirme également ses objectifs pour l'exercice 2028-29, avec des prévisions de chiffre d'affaires des quatre activités opérationnelles comprises entre 1,5 et 1,7 milliard d'euros pour l'exercice clos au 30 juin 2029 grâce à la forte dynamique des ventes LEO. »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
