Eutelsat Communications Stock Rebounds 3% After a 40% Drop Over a Month
The satellite operator regains some ground at midday in the slightly bullish Paris market, as the stock attempts to recover after a sharp downward trend that slashed nearly half of its value in one month. Technical indicators, however, remain significantly impaired.
A 3.2% Rebound Only Partially Mitigates the Monthly Plunge
Eutelsat Communications stock is up 3.2% to €2.323 at mid-session, after closing at €2.251 the previous day. The stock is among the top gainers in the SBF 120, while the broader index is up by 0.40%. However, this rebound only marginally offsets the recent weeks' rout: the stock is still down 41.56% over the month and has decreased by 16.01% over the year. The rebound follows an attempt at stabilization that began the previous day, in the wake of a series of technical breakdowns that marked the month of June.
The chart configuration remains heavy. The price is significantly below all its moving averages, with a gap of nearly 14% below the MM20 (€2.70) and 22% below the MM50 (€2.98). The RSI at 33 indicates a configuration close to the oversold zone, consistent with the severity of the correction. The support at €2.16, now close, remains the short-term reference level.
Sustained Commercial Momentum in Low Earth Orbit Connectivity
The file continues to be fueled by a steady stream of announcements around the OneWeb constellation. On June 23, the group announced the expansion of its maritime partnership with AST Networks, involving several million dollars. Earlier in June, 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.
This commercial momentum has not yet been sufficient to halt the correction of the stock. During the nine-month financial results announcement for the fiscal year 2025/2026 (May 12, 2026), the group highlighted a 50% increase in revenue from its LEO activities year-over-year, while noting an unfavorable currency impact of €42 million over the period and nearly stable operational activity revenue. The stock's ability to stabilize sustainably will depend on defending the support at €2.16, after successive breaches of several technical thresholds over the month.
