Eutelsat Communications (EUTLF) Receives a Buy from Barclays

In a report released yesterday, Nick Dempsey from Barclays maintained a Buy rating on Eutelsat Communications (EUTLFResearch Report), with a price target of EUR11.50. The company’s shares closed last Monday at $11.67.

According to TipRanks.com, Dempsey is ranked #1193 out of 6540 analysts.

Eutelsat Communications has an analyst consensus of Moderate Buy, with a price target consensus of $15.24, which is a 31.9% upside from current levels. In a report issued on April 15, Berenberg Bank also maintained a Buy rating on the stock with a EUR13.30 price target.

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Eutelsat Communications’ market cap is currently $2.71B and has a P/E ratio of 7.00. The company has a Price to Book ratio of 3.16.

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Eutelsat Communications SA engages in the provision of satellite-based video, business and broadband networks, and mobile services to international telecommunications operators and broadcasters, and corporate network integrators. Its services include broadcast and media, data and telecoms, mobility, and government. The company was founded in 1977 and is headquartered in Paris, France.