Eutelsat Communications (ETL) Stock Forecast & Price Target
ETL Analyst Ratings
Moderate Sell
5Ratings
0 Buy
2 Hold
3 Sell
ETL Stock 12 Month Forecast
€3.06
▲(47.49% Upside)
Based on 5 Wall Street analysts offering 12 month price targets for Eutelsat Communications in the last 3 months.
The average price target is €3.06 with a high forecast of €4.40 and a low forecast of €1.80.
The average price target represents a 47.49% change from the last price of €2.08.
TIPRANKS |
€ 2.076
Last traded price
10/01/2025 - 17:35 CET
Since Open
-0.024 (-1.14%)
Since Previous Close
-0.024 (-1.14%)
Valuation Close
€ 2.076
10/01/2025 - 17:55 CET |
10 January 2025 at 12:11
Zonebourse.com
By Anthony Bondain
Eutelsat's market capitalisation fell below billion euros this week, while the share price is flirting with an unprecedented a record low of EUR 2. To the question: who wants to buy the shares of a satellite operator?
The answer is ‘nobody, unless Starlink were listed on the stock exchange’.
How did we get here?
To explain, I'm going to shamefully copy the beginning of a piece about rival SES S.A., written in 2022 for this very column and recycled in 2023 (visible in its entirety here).
Here's how it began... ‘If you want a quasi-bond with a big return, buy a satellite operator, like SES or Eutelsat.
There's no risk’.
Of course, if you say that in 2025 to someone under the age of 30 years old, chances are they'll look at you strangely and try to shorten the try to cut the conversation short or have you committed.
Translated with DeepL.com (free version) |
 Space Intel Report
Eutelsat hires Airbus to build 100 OneWeb satellites, built in France, to cover gap between OneWeb Gen 1 and Iris2
written by Peter B. de Selding December 17, 2024
LA PLATA, Maryland — Satellite fleet operator Eutelsat, just 24 hours after signing a 2-billion-euro ($2.1 billion) commitment to Europe’s Iris2 secure communications constellation, whose full contracting team has yet to be selected, has contracted with Airbus Defence and Space for 100 new OneWeb broadband satellites.
The satellites will all be built at Airbus’s Toulouse, France, facility, which is one way to facilitate the transition between today’s OneWeb and tomorrow’s 264-satellite Iris2 low-orbiting constellation.
Peter B. de Selding is Co-Founder and Editor of SpaceIntelReport.com. He started SpaceIntelReport in 2017 after 26 years as the Paris Bureau Chief for SpaceNews where he covered the commercial satellite, launch and the international space businesses. He is a must read for space executives. Follow Peter @pbdes |
Eutelsat Communications: Bernstein maintains its Market Perform recommendation with a price target reduced from EUR 3.70 to EUR 3.40. |
Eutelsat Group Signs Broadcast Services Deal With Al Jazeera Media Network
September 15, 2024 at 10:28 am
(MT Newswires) -- Eutelsat Group (ETL.PA) signed a new multi-year, multi-satellite contract with Al Jazeera Media Network for broadcast services across the Middle East, North Africa, and Europe.
The international news network will be able to broadcast its news and event channels at three video neighborhoods of the French satellite operator, according to a Sept. 13 release. |
ETL Eutelsat Communications
4.192 -0.126 (-2.92%) |
Eutelsat Communications SA ETL-FR:Euronext Paris
Last | 5:35 PM CEST
4.32quote price arrow down-0.25 (-5.39%)
KEY STATS
Open4.56
Day High4.58
Day Low4.31
Prev Close4.56 |
EUTELSAT: Bullish signals intact
information provided by TEC -26/08/2024 at 08:06
SUMMARY
The MACD is positive and above its signal line.
This configuration confirms that the stock is moving in the right direction.
The upward potential of the RSI has not been exhausted.
The stochastics are not overbought, leaving medium-term upside potential intact.
Trading volumes are below the average for the last 10 days.
MOVEMENTS AND LEVELS
The share price is rising. It is above its 50-day moving average.
The 20-day moving average is above the 50-day moving average.
Support is at EUR 4, then EUR 3.77, and resistance is at EUR 4.89, then EUR 5.12.
Last price: 4.49
Support: 4 / 3.77
Resistance: 4.89 / 5.12
Short-term view: positive
Medium-term view: positive
EUTELSAT: Bullish signals intact
Translated with DeepL.com (free version) |
(CercleFinance.com)
- Deutsche Bank announced on Wednesday that it had reduced its target price on Eutelsat from 3.1 euros to three euros, concerned about the repercussions following the merger with OneWeb.
The analyst believes thatthe satellite operator's growth continues to be penalised by the delays delays accumulated by OneWeb, which should lead to no growth in
in 2025, a disappointing outlook.
At the time of the deal was announced, Eutelsat estimated that OneWeb alone would generate between 150 and 250 million euros in revenues in the financial year
2023/2024, then 400 million euros in 2024/2025.
According to its calculations, OneWeb generated revenues of just 67 million
compared with 50 million euros a year earlier.
a year earlier.
As a result of its concerns about the Group's indebtedness and the and the current state of the order book, Deutsche explains that it prefers to prefer to maintain a ‘sell’ recommendation on the share.
Translated with DeepL.com (free version) |
Eutelsat: video revenues down by 6.8% to €651m
August 25, 2024 11.24 Europe/London By Robert Briel
Eutelsat Communications released its full year 2023-24 results for the year ending June 30.
The company achieved all its financial objectives for the year, with significant contributions from its video segment accounting for 61% of its turnover.
FY 2023-24 Video revenues were down by 6.8% to €651 million, reflecting the secular market decline in this application. In the first half, this trend was accentuated by the effect of sanctions against Russian and Iranian channels as well as of the early non-renewal of a capacity contract with Digitürk from mid-November 2022.
On the commercial front, recent highlights include the renewal and extension of capacity by Poland’s TVN Warner Bros. Discovery at Eutelsat’s Hotbird neighbourhood, as well as the consolidation by United Media Group of its entire DTH broadcasting activities at Eutelsat’s 13° East and 16° East hotspots.
Professional Video revenues, which account for less than 10% of the Video vertical, also decreased, reflecting structural headwinds as well as the seasonality of some events. We expect it to be mildly boosted by the Olympic Games in Q1 FY2024-25.
Fourth quarter revenues stood at €159 million down by 6.2% year-on-year and broadly stable quarter-on-quarter.
Robert Briel
Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.
Broadband TV News
PO Box 499
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United Kingdom
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Eutelsat Communications
Eutelsat Reports Strong FY 2023-24 Results Following OneWeb Merger
Eutelsat’s FY 2023-24 results align with goals, marked by the successful OneWeb merger and growth.
The Board of Directors of Eutelsat Communications, chaired by Dominique D’Hinnin, has reviewed the financial results for the fiscal year that ended on 30 June 2024. The company reported a solid performance aligned with its objectives, showcasing substantial progress and significant milestones.
Eva Berneke, CEO of Eutelsat Communications, highlighted that the company successfully met its fiscal year 2023-24 targets, driven by strong performance from its incremental GEO (Geostationary Equatorial Orbit) capacity and the contributions from its LEO (Low Earth Orbit) business. The year marked a pivotal moment with the completion of Eutelsat’s combination with OneWeb, creating the world’s first LEO-GEO satellite operator, a strategic advancement in the company’s telecom pivot.
Despite facing some operational challenges with the OneWeb service rollout, Eutelsat is on track to meet its coverage goals and anticipates continued growth from OneWeb in the upcoming fiscal year 2024-25.
The FY 2023-24 results were in line with objectives, with Operating Verticals revenues totaling €1,268 million and adjusted EBITDA reaching €698 million. Key achievements included the successful completion of the Eutelsat/OneWeb merger, significant growth in connectivity through LEO revenues and GEO capacity, and robust commercial traction, particularly with a major multi-application contract with Intelsat.
Operational successes included the entry into service of KONNECT VHTS and EUTELSAT 10B, the launch of EUTELSAT 36D, and the completion of the space segment for the OneWeb constellation. Additionally, the company successfully refinanced its November 2025 EUTELSAT S.A. and RCF bond with the issuance of €600 million in senior notes due in 2029.
Eutelsat’s continued advancements reflect its commitment to enhancing global connectivity and expanding its satellite capabilities. |
Eutelsat Communications
Eutelsat carves out ground segment entity for private equity
Eutelsat is entering into exclusive negotiations with a private equity company, EQT, for the partial sale of its ground segment infrastructure assets.
The parties are looking to carve out Eutelsat’s “passive assets”, i.e. land, buildings, support infrastructure, antennas and connectivity circuits. They would form a new company – a standalone legal entity – of which EQT will own 80% of the capital.
Eutelsat Group would remain a long-term shareholder, anchor tenant and partner of the new company, it says, with a 20% holding.
Ground segment
Eva Berneke, CEO of Eutelsat, said the move would create a “new global leader in this dynamic sector”. The new entity is described as a “pure-play, operator-neutral, ground station-as-a-service company”.
“We are proud to become the first satellite operator to embark on this innovative transaction which would allow us to build on the model adopted in other industries, and to optimise the value of our extensive ground network,” she said.
“This transaction would represent a win-win situation for all parties, and would enable Eutelsat to strengthen its financial profile, whilst continuing to rely on the unparalleled quality and reliability of its ground infrastructure.”
EQT, which is a Swedish private equity group, highlighted possible growth opportunities in this “digital infrastructure vertical”.
“At EQT, we identified satellite ground stations as an attractive digital infrastructure vertical several years ago,” said Carl Sjölund, a Partner within the EQT advisory team.
“They play an important role in ensuring global connectivity, especially for those not covered by fixed and mobile connectivity solutions and require deep global expertise in developing and operating telecommunications infrastructure businesses. We are delighted to partner with Eutelsat Group to create a ground station leader and capture the growth opportunity fuelled by technological innovation.”
The proposed ground segment transaction values the new entity at a value of €790m. It would also shift future maintenance capex to the new entity, Eutelsat noted. The the proceeds of the sale would enable it to focus on the next generation of its multi-orbit satellite fleet, said the company.
The transaction, however, remains subject to regulatory approval, including consultation with French security authorities and employee representative bodies.
Closing of the deal is expected in the first quarter of 2026.
Financials
In terms of financials, on the same day as the announcement the company also released its full year 2023/2024 results.
With revenues of €1.21 billion – an increase of 5.6% – Eutelsat reported a falling adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) of €698 million.
It also reported an order backlog of €3.9bn, boosted by its LEO (Low Earth Orbit) pipeline.
Operational success highlighted included the entry into service of KONNECT VHTS and EUTELSAT 10B, the launch of EUTELSAT 36D, and the completion of the space-segment of OneWeb Constellation.
The company also noted a growth in connectivity demands, with an acceleration of LEO revenues and also incremental GEO (geosynchronous equatorial orbit) capacity. |
Moderate Sell
3Ratings
0 Buy
2 Hold
1 Sell
Based on 3 analysts giving stock ratings to Eutelsat
Communications
in the past 3 months
ETL Stock 12 Month Forecast
€4.07
▼(-8.88% Downside)
Based on 3 Wall Street analysts offering 12 month price targets for Eutelsat Communications in the last 3 months.
The average price target is €4.07 with a high forecast of €5.50 and a low forecast of €1.90.
The average price target represents a -8.88% change from the last price of €4.47. |
Eutelsat renews broadcast agreement in Latin America
August 22, 2024 at 08:20 am EDT
Eutelsat announced on Thursday that it has renewed its multi-year capacity agreement with Cable Color, a cable operator based in Honduras.
Under the terms of the partnership, the satellite operator will continue to make its video broadcasting services available to Cable Color for the distribution of its channels in Latin America.
The agreement covers the group's 117 degrees West orbital position, to enable reception of 300 TV channels, including 50 in HD, by 110 million households in the region.
This solution is also increasingly favored by free-to-air TV groups, with some 100 public and private channels now using this position.
CercleFinance.com. |
MTN's Bayobab taps Eutelsat for LEO satellites
Manny Pham
15 August 2024
Sub-Saharan Africa MTN Eutelsat MTN Group OneWeb Bayobab Eutelsat OneWeb
MTN subsidiary Bayobab signed a multi-year deal to integrate Eutelsat’s LEO satellites, a move to expand cellular backhaul and coverage in rural areas to meet rising demands from enterprise clients across Africa.
In a statement, the satellite company detailed that MTN’s Bayobab will be tapping into capacity on Eutelsat’s OneWeb constellation to deliver what it described as “fixed connectivity services”.
The deployment will be completed across Africa by December this year, but service is already online for the digital and infrastructure service provider, in four countries on the continent.
Eutelsat Group Connectivity Business Unit Co-President Cyril Dujardin said Bayobab and the broader MTN Group are among African early adopters of the Eutelsat/OneWeb LEO constellation.
“This partnership underscores the commitment of both Eutelsat and Bayobab to drive digital inclusion, and the pertinence of innovative satellite solutions to achieve this aim, notably the unique properties of ubiquitous, low latency LEO capacity.”
Bayobab CEO Frédéric Schepens added: "This collaboration brings cutting-edge digital connectivity to even the most remote corners of the continent and reaffirms our promise of 'Connecting Africa' – a promise rooted in partnership and driven by a vision of a digitally inclusive future." |
EUTELSAT COMMUNICATIONS
RESULTS
30th October |
4.204 EUR +1.59% Eutelsat Communications
09:16am
MarketScreener
Europe starts a week rich in indicators in the green
August 12, 2024 at 08:16 am
Europe's main stock markets are moving ahead on Monday as they begin a quiet session, with several key US economic indicators expected this week.
In Paris, the CAC 40 climbed 0.47% to 7,303.65 points around 07:10 GMT. Frankfurt's Dax gained 0.56%, while London's FTSE was up 0.63%.
The pan-European FTSEurofirst 300 index gained 0.41%, the EuroStoxx 50 gained 0.51% and the Stoxx 600 climbed 0.45%.
Investors will be getting plenty of data on US activity this week, as fears of a recession on the other side of the Atlantic persist and sent markets tumbling last week.
Producer prices on Tuesday, retail sales, industrial production and the "Philly Fed" and "Empire State" activity indicators on Thursday, and finally the University of Michigan sentiment indicator will be published over the course of the week.
Market attention will nonetheless be focused on the CPI inflation indicator, expected on Wednesday and crucial to the trajectory of US monetary policy.
The Federal Reserve will meet at the end of August for its Jackson Hole symposium, and will rely on this data in its assessment of activity.
Traders are confident that the central bank will cut rates in September, estimating a 50% probability of a 50bp cut. Any change in this scenario could provoke a violent reaction from markets that were less liquid during the summer and already worried about the slowdown in US employment.
On the value side, Eutelsat gained 2.7% after announcing on Friday that it was in exclusive negotiations for the partial sale of its passive ground segment infrastructure. (Written by Corentin Chappron, edited by Kate Entringer) |
Eutelsat in Talks for Carve-Out, Partial Sale of Ground Infrastructure Assets
August 09, 2024 at 05:38 pm
By Pierre Bertrand
Eutelsat Communications said it is negotiating with investment fund EQT for the carve-out and partial sale of its passive ground infrastructure assets.
Eutelsat said the assets would be combined into a new standalone company, which has a contemplated enterprise value of 790 million euros ($862.6 million).
EQT would own 80% of the company's capital, with Eutelsat holding on to the remainder, the satellite operator said.
The assets include land, buildings, support infrastructure, antennas and connectivity circuits for the combined portfolio of teleports and satellite network portals, Eutelsat said.
In all the company would consist of around 1,400 antennas in more than 100 locations worldwide, EQT said separately.
Upon completion of the deal Eutelsat will enter into a long-term framework master service agreement with the newly-formed company and become the anchor tenant, EQT said.
The deal is subject to regulatory approval and expected to close in the first quarter of 2026.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
08-09-24 1237ET |
News
Satellite operator Eutelsat to sell majority stake in €790m ground network to EQT
By Razak Musah Baba
9 August 2024
Satellite operator Eutelsat expects to spin off its €790m ground network operations with EQT’s fourth global infrastructure fund acquiring an 80% stake in the new business.
The EQT Infrastructure VI fund has agreed talks to buy the majority stake in Satellite Ground Station Infrastructure Business which operates a global network of 1,400 antennas across 100-plus locations.
The new, standalone company is being formed by bringing together Eutelsat’s passive assets including land, buildings and network infrastructure. ;
Eutelsat will retain a 20% stake as a long-term shareholder and key customer of the new company.
Carl Sjölund, partner within the EQT value-add infrastructure advisory team, said: “At EQT, we identified satellite ground stations as an attractive digital infrastructure vertical several years ago.
“They play an important role in ensuring global connectivity, especially for those not covered by fixed and mobile connectivity solutions, and require deep global expertise in developing and operating telecommunications infrastructure businesses.”
EQT said the EQT Infrastructure VI is expected to be 45-50% invested following this transaction.
As previously reported, EQT has set a €20bn fundraising target for the latest infrastructure fund.
Eva Berneke, CEO of Eutelsat, said: “This transaction would represent a win-win situation for all parties, and would enable Eutelsat to strengthen its financial profile, whilst continuing to rely on the unparalleled quality and reliability of its ground infrastructure. ;
Source: Eutelsat
“Moreover, we are confident that with the backing of EQT, the business would be in a position to fully embrace the opportunities opening up to it as the new global leader in this dynamic sector.”
The latest agreement follows Eutelsat’s May announcement that it was exploring strategic options for its ground network, including potential partnerships with external infrastructure investors.
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Analysts' Consensus
Mean consensus
UNDERPERFORM
Number of Analysts
10
Last Close Price
4.900EUR
Average target price
3.770EUR
Spread / Average Target
-23.06%
High Price Target
5.500EUR
Spread / Highest target
+12.24%
Low Price Target
3.000EUR
Spread / Lowest Target
-38.78% |
CLOSING share price 4.90 euros |
Eutelsat confirms MAINDATAÂ’s SFN Boost platform interoperability
Staff Reporter
July 26, 2024
The product’s reliability was confirmed over several months of testing, with various T2-MI analysers and DVB-T2 modulators across SFN and MFN modes.
Eutelsat has officially validated the interoperability of broadcast solution provider MAINDATA’s SFN Boost platform, ensuring it meets the rigorous standards of DVB-SIS (Single Illumination Satellite) and works seamlessly with equipment from other vendors.
Since January 2024, Eutelsat has been rigorously testing the SFN Boost. These thorough tests confirmed the adapter’s ability to receive a primary DTH parent stream from Eutelsat’s head-end, including DVB-SIS signalling from a Control Stream Generator (CSG) by another brand. Additionally, the adapter demonstrated its capability to generate a T2-MI signal, essential for DVB-T2 transmitters.
Over several months of intense testing with various T2-MI analysers and DVB-T2 modulators in both SFN and MFN modes, the SFN Boost Rx adapter consistently met all performance benchmarks, proving its stability and robustness.
Ralph Edeine, TV Reception and Video Standardisation Manager at Eutelsat said: “Eutelsat regards the successful interoperability among different vendors as a landmark achievement, prior to deployment of a new digital TV industry standard.
DVB-SIS equips Eutelsat with a huge advantage for the distribution of signals to terrestrial TV networks, offering a superior alternative to traditional methods such as fibre optics or microwave networks.
Additionally, it serves as a reliable and efficient backup, or redundancy solution, for DTT broadcasters.
Since 2023, Eutelsat’s deployment of DVB-SIS technology has been instrumental in TV signal distribution to terrestrial DVB-T2 transmitters via DTH satellite, including for the Paris 2024 Summer Olympics Games in France.
This technology has supported the launch of UHD services on France’s terrestrial television network, now accessible to 70% of the population.
The DVB-SIS single illumination concept ensures that the remaining population can receive the signal via FRANSAT, the DTH platform of DTT channels, operated by Eutelsat for the French market, without requiring additional satellite distribution capacity and offering cost optimization for all the ecosystem partners.”
Dušan Statelov, MAINDATA CEO, added: “I’m grateful to Eutelsat for their pivotal support in the DVB-SIS V&V testing, both within the DVB group and as an independent initiative. Eutelsat’s contribution to fostering vendor compatibility is significant, which ultimately serves the greater good of the entire industry.” |
Beginning of the quiet period, before full year 2023-24 results publication 9 July 2024
Full year 2023-24 results 9 August 2024 before markets open |
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