Eutelsat Shares Bounce Back 2% but Lose Over 50% in a Month
The satellite operator is timidly regaining some ground in early afternoon trading on the Parisian market, after a sharp downward trend that halved its value in one month. The stock is attempting to stabilize in a declining Parisian market, while technical indicators remain significantly deteriorated.
A Modest Rebound After the May and June Collapse
EUTELSAT COMMUNIC. stock is up 2.1% at €2.2360 in early afternoon, while the SBF 120 is down 0.09% and the CAC 40 has fallen by 0.14%. The stock ranks twelfth in the broad Parisian index, but is not among the leaders in gains, which are dominated by Soitec (+5.55%) and Exosens (+3.79%). This rebound is relative: the stock still loses 7.72% over the week and has dropped 50.42% over the month, after successively breaking through the thresholds of €2.79, €2.55, €2.38, and then €2.32 over the course of June. The decline now reaches 19.16% over the year, despite a quarterly performance that remains positive at 5.47%, a legacy of the previous rally.
Degraded Technical Configuration and Busy Operational Schedule
The stock price is significantly below its three moving averages, with a gap of nearly 20% below the MM20 at €2.78 and 25% below the MM50 at €2.99. The RSI at 30 indicates the exhaustion of selling pressure that has been exerted over several sessions, a configuration consistent with the technical rebound observed in early afternoon. The support at €2.16 remains the reference level, very close to the current price, while the major resistance is at €4.51, not immediately reachable.
Operationally, the flow of commercial announcements remained strong in June, with the Centaure contract signed with the French Armed Forces for a maximum amount of €350 million over eight years, and an expansion of the maritime partnership with AST Networks on the OneWeb LEO constellation. During the 9M 2025/2026 revenue announcement on May 12, 2026, the group highlighted a 50% year-on-year increase in LEO activity, partially offset by a negative currency effect of €42 million. The next test lies in the stock's ability to hold the €2.16 threshold.
