Eutelsat Communications Stock Soars 93% in Three Months, Driven by LEO
Eutelsat Communications stock resumes its climb at mid-session, in a downward trending Paris market. The stock crosses a technical threshold monitored for several days during the session, ranking among the top gainers in the SBF 120.
Breaking the Resistance at €4.28 and Spectacular Progress Over Three Months
Eutelsat Communications stock gains 2.35% to €4.36 at midday, while the SBF 120 drops 0.26% and the CAC 40 declines 0.32%. The stock ranks among the highest risers in the broad index. The session is marked by an upward break of the resistance at €4.28, with the price maintaining above this threshold. Over three months, the performance reaches 93.44%, extended by a gain of 39.36% over the last week. The RSI climbs to 84, in a marked overbought zone, while the price is 37.60% above its MM20 (€3.17). The gap from the moving averages reflects the magnitude of the rally observed since February.
In-flight Connectivity and LEO Activities, Two Pillars Shaping the Stock's Journey
The rally is part of the momentum initiated by the group's strategic reorientation towards satellite connectivity in low Earth orbit. The multi-year agreement signed with Anuvu on May 26 covers the capacities of the Eutelsat 10B satellite, intended to provide high-speed in-flight services to a major airline. During the publication of the nine-month 2025/2026 revenue (on May 12, 2026), the LEO activity had shown a 50% increase year-over-year, while a negative currency effect of 42 million euros weighed on the period. The group then confirmed its annual targets. At €4.36, the stock now evolves 62.16% above its MM200 at €2.69, a configuration that underscores the magnitude of the turnaround since the beginning of the year. The now surpassed €4.28 threshold becomes the technical reference level in case of consolidation.
